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