$PERI: Trading intraday pullback.

$PERI gapped up big  this morning to all time high. Always a priority setup for day trade long or short. We waited for an opportunity for a trade. I was looking for pullback and then bounce back. Click on the intraday chart to see how the trde played out.

1. First pullback to rising 9 EMA and holds up as9 EMA keeps on getting defended and the stock makes higher lows.

2.Long 11.47 on this flag break with stop right below that 9 EMA and last low 11.32.

I sold my last shares at 12.40. with .93c gain with .15c risk.

Email me  thenyctrader@gmail.com if you would like to trade with us or have any questions.