New Position: Long PRGO 150.80 ATR 2.35
Name of Instrument: Perrigo Company Place
Sell Stop: 148.29 (watch for a raising of stop on Friday to under Thursday low with fudge)
Current Price: 151.46
Reason For Trade: Already confirmed the recovery phase and now with risk to under the 50 DMA, looking for the confirm of the Accumulation Phase if holds the 200 DMA at 149.62.
First Profit Target: Given current market conditions will look for 1 ATR or take off 1/3 at 153.13 Reports before open October 30th-unconfirmed date