IOVA a volatile medical stock approaches earnings LONG

26 feb

IOVA has doubled in February and broke out above its volume profile high volume area about

one week ago as it runs to earnings. Since it settled down two days ago into a relative side-

ways consolidation. I will take a long trade here for a pre-earnings play to presume that the

buying and bullish momentum will resume nearly immediately.

26 feb

Trade attivo

My Buy stop to add more shares to the position is 16.35 the top of the local
volume profiles' high volume area.

26 feb

Nota

26 feb

Nota

26 feb

Trade attivo

IOVA up 5% from the open now situated at the moving average ribbon for an add to
the position

26 feb

Trade attivo

Given the morning price action, I expect a fade this afternoon and so will look

to add again near to the close of the session.

26 feb

Trade chiuso: obiettivo raggiunto

Position built last week closed for big profit at the double top- expecting to re-enter
after the fade or full retracement

26 feb

Trade attivo

Re-entering using only the profit from the last trade to compound the gains.
targeting the VWAP lines above

26 feb

Nota

Targets 16.60 and 16.85

27 feb

Nota

27 feb

Nota

Partial Profits taken - half the position is still running no signs of letting up- still with relative strength in the 60s. This has been a great trade.