Exit: 31.73 +5.80 +22.37% +6.6R
This trade worked well because my buy was an A+. I bought it while the days trading range was s still a very tight doji after 4 progressively smaller down days. Because the trading range was so tight, I was able to put decent size on the trade and only take a small risk .25R. When you see that type of action after a move it frequently signals a that the sell off is ending and momentum is coming back into the market. I sold RWLK high because I am familiar with this stock and could see that it made very few multi-day bullish moves. The ones it makes are powerful, which is why I felt comfortable buying.
2017 -- Note:
In retrospect, I would no longer consider this a A+ setup or trade. As An Ipo, this had not setup above opening range push, which means its a pull back setup, in a medical device stock, which tend not to perform well as IPOS. ..
As it turned out, I bought a position in a low float stock that got a push and then sold close to what would be the highs of this stock: