Paul J Singh

I bought 300 shares of TRLG at $22.41.

Setup: Earnings-Breakout-Pullback. This specialty retailer broke out on massive volume two days ago as a result of strong earnings. I bought today on the pullback, about a point away from the bottom of the breakout candle.

Risk: I plan to hold this stock into new highs, possibly taking partial profits in the $24-25 range. My stop is just under the breakout bar.

Concerns: Stochastic is over 70, but this isn’t unusual when playing earnings breakouts.