Trade Recap - 7/21/2011

Had some big winners today including a $2.11/share run on Medco Solutions, Inc. (MHS) after my alert & tweet! It was my biggest single profit gainer of the day. Took in about $774 in total gains for the day. Here are the trades:

Listed in the order the trades were taken:

Long MHS $64.22 w/a stop at $63.89 Hit a high of $64.50 (.28/share) before hitting my stop. Gapped up about $10 today on earnings. I liked the sell off at open and the clean setup it gave on the 5 min chart. I thought it would move much higher than it did. I guess I was a bit early. I took a quick +.19/share gain on the trade.

Long RVBD $31.41 w/a stop at $31.25 Hit a high of $31.89 (.48/share) before hitting my stop. I liked this chart on 15s as it sold off from open and gave a nice hammer candle with clean entry. I based my stop loss on the 5 minute chart. It was the low of the candle before the trigger. I sold 1/2 at +.09/share, 1/3 +.20/share and last bit for +.30/share.

Long MHS $63.01 w/a stop at $62.66 Hit a high of $65.12 ($2.11/share) and never hit my stop. Again, I loved the gap up and sell off at open. I liked it on 5s at first, but it didn't bounce too much. After that first trade I had it on 15s watch and it gave a very clean setup & entry. Once it triggered, it never looked back.

I made 4 more trades, but aren't worth showing a chart for:
Long CY $20.83 & sold at $20.93 for a +.10/share gain.
Long FTNT $21.01 & sold at $21.10 for a .09/share gain.
Long PLCM $29.02 & sold at $29.03 for a .01/share gain.
Long RVBD $39.41 & sold 1/2 at $31.49 for .08/share gain and stopped out even on the rest.