Posted by wbarclay on 17th of Jul 2013 at 02:41 pm
Mike, thanks for your comments last month, they helped me decide
to hold and IL broke out of that 5.5-7.0 range and now has found
resistance near 10.0. I sold 1/3 when it first hit 10 but I
am holding 2/3 because it looks like it has more upside
potential. I am seeing a bull flag and next resistance ~12,
then none until the 16-18 range. It can't just continue to go
straight up to those levels like it has done over the last few
weeks, but I think it has potential - although a big market
pullback could drag it down. Can you please comment on the
near-term and longer term potential/options?
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IL - comments/targets on old Trade Idea
Posted by wbarclay on 17th of Jul 2013 at 02:41 pm
Mike, thanks for your comments last month, they helped me decide to hold and IL broke out of that 5.5-7.0 range and now has found resistance near 10.0. I sold 1/3 when it first hit 10 but I am holding 2/3 because it looks like it has more upside potential. I am seeing a bull flag and next resistance ~12, then none until the 16-18 range. It can't just continue to go straight up to those levels like it has done over the last few weeks, but I think it has potential - although a big market pullback could drag it down. Can you please comment on the near-term and longer term potential/options?