Saturday, July 19, 2014

Opened VRNS

VRNS is a blast from the past where I've had some success in this stock. I liked the big move off the down trend.  This provides a good risk to reward type scenario. My stop is tighter which allows more  for more size. The Stop can be placed at days low but this is the type of entry should it hold could produce a 30 to 50% gain over the next month. 

Entry 22.15
Stop:  21.00 .75% R. 

If that it rallies that first green bar will look beautiful:

Longer term trading history is limited because it is a recent IPO.  

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