Obviously today was a good day to be long. I ended today with a 15R profit. Half of that was from a trade in ISRG and the remainder came from 6 other winning trades and one loser. (I'll take that win ratio any day!)
I was watching ISRG because I liked what it was doing on the daily chart. It had held the top of its post-earnings gap for four days and just looked ready to pop. So I set an alert at yesterday's highs. When the alert fired at 9:46 at 9:46 I pulled up the intraday chart of ISRG and just waited for a good entry point. 'Dummies' will see those two beautiful candles at 10:00 and 10:15. I entered once the stock rose above the 10:15 candle. So I got in at 88.80 and my stop was the low of the 10:15 candle at 88.37. (It's tough to beat 43 cents of risk on an $88 stock.) My final profit was 'only' 7.5*R because I took partial profits at 11:09. It would have been 9.41*R had I not taken the partial profits...
Here's the daily chart followed by the intraday (15 minute candlesticks).
Also good to see the higher volume on the pop than on any of the down days post-earnings.
Nice trade, Dummy. (ISRG is a "Usual Suspect," of course.)
It exceeded the previous day's high on Monday also but fell back. Did you try it on that day also and get stopped out?
No, I didn't trade ISRG on Monday... and I'm not sure why that is. :-)