SMG Gap Up
Scotts Miracle Grow is up +7% and trading above $70 after a gap up this morning - trade was initiated last week on the falling wedge breakout. Gaps tend to get filled so I've adapted to the price action and moved my stop-loss order up to just below today's candle at $68.45. No way to lose money on the trade now if price reverses, upside target remains near $80.
Lower PPO and TDI indicators are still reading bullish and increasing in their bullish trends.
Buy Price: $64.34
Stop-Loss: $68.45
Take-Profit: $80-ish
Gain on trade if I get stopped out at $68.45: +6.3%
Gain on trade if price reaches the take-profit level near $80: +24%
Lower PPO and TDI indicators are still reading bullish and increasing in their bullish trends.
Buy Price: $64.34
Stop-Loss: $68.45
Take-Profit: $80-ish
Gain on trade if I get stopped out at $68.45: +6.3%
Gain on trade if price reaches the take-profit level near $80: +24%
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