Lanmar

VCEL monthly breakout

Long
NASDAQ:VCEL   Vericel Corporation
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5
This is an update to my previous analysis on VCEL . I took profits at 7.70 and plan on re-entering this coming week.

A word of caution - last week shows signs of some probability for failure. This long deserves some caution IMO. A tighter stop may make sense for some, or simply a reduced amount of risk on this trade. Remember the market cap is extremely low so this could pop in either direction very quickly.

Comment: Big reversal. Trailing stops go up to 6.50.

I re-entered at 7.05
Comment: Stop goes up as the price has risen. Note, price is trading higher in the last week of the month. This is always a very good sign.

Trade closed: target reached: Took profits on 33% of the position at 12.40
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