MO is still in consolidation after I recommended it not too long ago. I still think this stock is good to buy around these levels in this consolidation. Again, you have a stock poised to go higher that has clear parameters. You have a clear entry point right here and you know quickly when you are wrong ie when falls out of consolidation. This allows for you to be stopped out quick with minimum loss.
Low risk, high reward.
CELG is a sell here. I recommended it around 57 and it has climbed up to 62 here. The price action today just seems a bit out of place, the stock has made some decent gains in a very short time. It's better to get out positive then to risk being back at where we started.
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