Thursday Morning

Gator's Chart of the Day: FIRE

I'm taking another look at this internet/cloud security software vendor.  I've traded it before and I like the company and the industry.

The stock spent most of March and all of April in a volatility squeeze which resolved with a breakout.  It has since made a slow pullback to test the breakout and is now moving higher again with the 20 day sma as support. 

I had hoped for a tag of the 50 day sma to re-enter the trade but it didn't happen.  Now I'll probably take a small starter (1/4 of eventual size) and build if it continues to move higher..