Entered long 100 shares of UTHR at $108.29.
Setup: Breakout-Pullback. The stock pulled back to the bottom of the breakout bar before confirming support today. The recent trend is higher highs and lower lows. Buying pullbacks has been lucrative. Nice volume pattern.
Risk: My stop is under the tail of today’s candle, at $105. the intial target is the recent high at $117.
Concerns: Large down volume two days ago, the stock closed only a little off highs. Would have liked to have seen more volume today.