Position Updates & Gauges for Trading on 10/6/2014

Mish Schneider | October 6, 2014

Existing Position: Long PRGO 150.80 ATR 2.35

Name of Instrument: Perrigo Company Place

***Sell Stop: Raised: To no loss stop 150.80 now that we have 2 ATRs

Current Price: 155.16

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: Reached! Took 1/3 off 153.13

Second Profit Target: 158.14 for ½ balance

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