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| Gator's Chart of the Day: IDCC |
The Trade
If I decide to enter I would not want to pay more than 42. My stop would go just under the 50 day sma (40.42) and I would use the upper Bollinger band as the target to lighten up or exit the trade completely. If the trade is stopped out quickly I would look for support and possible re-entry on a bounce from just above 38.