memchartchartbook · study the setup, understand its intricacies
← all breakout samples

INO — breakout

INO breakout chart
Event date2020-05-11
Timeframedaily
Market cap$1.1B
Volume vs. average2.0x
Risk Reward+2.0
Tagsearnings, gap-up

Summary

Any pharma stock during COVID days would go up on any news. It had a good move up and consolidated around the 20 MA. Entry on the break of the consolidation, selling some after 3 days and the rest after breaking the 20 MA gives roughly 2x. But it did go more than 7 times the initial risk, with a stop on the low of day from the entry bar.