Friday, October 3, 2014

Partial Close: PANW

This was a Continuation Anticipation setup.  It took a bit longer for the continuation to occur than I had hoped but today was the day.  Finally, a clear break from the consolidation.  Hopefully, there is more to this move than 1 day ... but that has been the dynamics of the market as of late.  To that end, I  took some profits on  20% of my position @$104.03.   

I would like to see a strong move out of the gate but I'm moving my stop up. 

Entry: $99.80
Exit 1: $104.03

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