MGEN - Speculative breakout Long from $6.20 to $7.37 & $9.33

25 Mar 2018

MGEN is speculative long setup. Its a bit risky but it can be great rewarding as it has huge volatility. After a recent decline, it is getting some upward push along with some insider buying. We think it will continue upward from here.

* Trade Criteria *
Date First Found- March 7, 2018
Pattern/Why- Speculative breakout Long. Possible longer-term momentum play
Entry Criteria- Current price ($6.20) (Hit March 8, 2018)
Exit Criteria- 1st Target $7.37 (Hit March 8, 2018), 2nd Target - $9.33 (Updated March 9, 2018)
Stop Loss Criteria- $5.33
Special Note- Heavy recent insider buying

Please check back for Trade updates. (Note: Trade update is little delayed here.)