SIGA: Trade of the day

SIGA is a stock in the top 5% by relative strength currently. It had a very orderly pullback for last 5 days. So it was highlighted early morning as a stock to watch for possible entry.

Pullback Watch (4/22/2009 8:30:00 AM EST)

SIGA and CSTR

0 Comments..
Posted by: easyguru

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The trade triggered once it had a high volume breakout around 11:30

Trade Alert (4/22/2009 11:31:00 AM EST)

SIGA

6.20

MDT

1%

2 Comments..
Posted by: easyguru

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It went on to make 11.58% move by the end of the day. That was just one of the trade for today. in this market 10 to 20% moves are everywhere and as long as this party continues, the methods like IBD100/200, Double trouble and Modified Double Trouble and Episodic Pivots continue to find such trades.

There were 10 to 15 earnings breakouts today which went on to make 10% moves.