Trade signal occurred a couple weeks back but the stock has stayed in the area. Looks to be pushing up out of the entry area now. Had a pullback in a very strong stock. There was a false breakout out of the bottom of the consolidaiton and then rally above the consolidation high marking the entry. Reward: risk is greater than 3:1. Trailing stop loss can also be used--wait for a daily close below ATR Stop line, then place a stop loss a few cents below the low of that day. Exit day before earnings
(in Nov.) if not out.