Friday, October 20, 2006

Today's Trade: PRFT

I bought 500 shares PRFT (Perficient, Inc.) at $16.82. The stock has been a nice momentum play and is consolidating after another breakout. My entry was timed the day after it printed an NR7 on the daily chart, with a stop placed just below the breakout point. If I wanted to be more aggressive with my stop placement, I could place my stop just below the NR7 bar.

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