Trading Notes: Aug 11th Morning Update

Some of our trades for Monday August 11th, have triggered so far.

  • LOW triggered at  the original price of 49.89. Modify the stop to 48.43
  • Cube triggered at 19.00. Update the stop to 18.46 and keep a close eye on it
  • EBIX triggered at 13.91. Update the stop to 13.23

TKMR gapped up this morning. We normally do not chase the gaps unless a profit potential exists even after the gap. The gap was TKMR was beyond our risk-tolerance, so we did not chase it. If any of you bought TKMR then protect the profits and consider offloading it early.

For rest, modify the entry price to ORB break out.

  • BIG – entry 46.15; stop 45.72 and target 48.00
  • CLVS – entry 41.92 (same as original)
  • HMSY – entry 21.16; stop 20.11 and target 22.01
  • LGF – entry 32.89; stop 32.41 and target 33.54
  • SONC – entry 22.47 (same as original)
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