One of Today’s Featured Trade Ideas

ABMD/Long (Healthcare, Medical Devices)    Over the past few months, ABMD has formed a symmetrical triangle flirting with the big three and the 100 SMA.  This past week, ABMD has had a little run bringing price back over the T-Line and 20 SMA with a little flag at the end of last week and a Friday breakout.  ABMD closing Friday at $72.33 puts it in striking distance of the $100 price target.
ABMD Trading Plan  (Entry, Stop, Target)  Click Here

Something to think about: 
Rule #19 — Don’t chase a trade.

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One of Today’s Featured Trade Ideas

PRTA/Long (Healthcare)   After consolidating around $45.20, which was also the March high, PRTA continued to rally for a few days and then pulled back creating a little rounded bottom with a bullish J-Hook breakout.  With bullish follow-through, I see a possible target around 71.

PRTA Trading Plan  (Entry, Stop, Target)  Click Here

Something to think about:
Rule #18 – When price moves steadily in a bullish or bearish direction 5 to 10 days, it’s very common to see profit-taking occur.
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