(MNKD) 10 Percent Yesterday 15 Percent So Far Today!
Those of you that have been following scan the past few days knew $3.25 was a huge break on MNKD we started monitoring if it broke $3 and held it (this was the first buy) and once it confirmed continuation $3.25 (add to position) and was clear sailing from there. Sure, maybe this will keep going, maybe not personally after nailing a $1 on the upside (about 25% gain in the past 2 days) I always like to take profits (at least some) into strength. Here’s the thing though, it hasn’t been a quick squeeze type play that I’m always looking for on the short, its been gradual through the day which leads me to believe it may have some legs. I’m going to give it a chance to test $4 into the afternoon, if it fails I’ll probably sell if it loses $3.85 (still a near 20% gain). Congrats everyone!
From last night:
A brief recap of the past two trading days which have provided some extremely successful trades off of scan! MNKD the first which is still in play was setting up to be a perfect breakout. It took out the $3.25 early, held $3.25 support all day and squeezed into close!
These are the previous blog entries the past two days regarding MNKD:
MNKD setting up a beautiful chart here, keep on breakout watch, from scan HERE.
MNKD starting to turn up a bit, this one has fell from grace. This is a buy if it breaks back over $3 and holds it, and I’d add on a $3.25 break. It’s failed to break it the past two attempts ($3.25) but take a look at the 6 month chart below this one… you’ll see the move that it “could” have if it reverses
Tags: MNKD
