CTXS add?

    Posted by bravestar on 9th of Jun 2014 at 12:12 pm

    is this a good place to add to CTXS? i can only hold 100 as a swing but i can DT more. My cost is 62.58 Also as Morton said HZNP is breaking out please tell me if that is too late to buy it. at 15.56. matt or steve mentioned that breakouts are dangerous in an extended market. well obviously it would habe been better to get into it before. 

    bravestar- very short term CTXS quite

    Posted by matt on 9th of Jun 2014 at 12:23 pm

    bravestar- very short term CTXS quite overbought, on the 15 min and 60 min charts, however no negative divergence so looks healthy, if you can get a small pullback would be better.  And of course please put in a hard stop now if you hold a position, for swing trade to give it some room I'd say it would need to be just below the 20 MA or even around 60 a the higher low, again depends what your time frame and risk tolerance is.

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