100 4 1
impressive did you buy at 40.00?
If you did buy it (let's say I hand you a position here and you have to place a trailing stop only)- where would you put your stop?

The stock is just being added to the Nasdaq100, so it looks like there is a new catalyst to propel the stock higher.

You are right. Didn't knew about the stock just being added to the Nasdaq 100. That's a huge catalyst to propel the stock higher indeed. On the other hand - many would look at the stock and see it's gone parabolic.... they probably say " i'll wait for a lower high to buy the dip." These parabolic moves normally retrace a fib 50, so If it's continue to go for the 140 level that could be the chance for the first buyers to get out - shorting it and wait for the 70 level to go long again.
Yes, but we might see 140 before parabolic move is over:
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