Thursday, October 14, 2010

Trade: Long ATPG

Took advantage of the DMI kiss/CCI/%R retest all on the hourly chart...The daily also has %R retest going on.

Decided to pick up ATPG...this came onto the radar recently as it broke out big time over the last few days on big volume.

Anyway, I am a bit hesitant on longs now since many indicators are showing up as overbought/overly bullish...However this is a strong trend and I am hoping to be proven right here.

Got into 21 Nov $14 calls at a price of $2.75 each.

Charts later..

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