Dummy Trade of the Day - athenahealth, Inc (Public, NASDAQ:ATHN)

By: Wall Street Warrior Tuesday, November 06, 2007 9:46 AM

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I traded ATHN on Friday and mentioned in my post that this was a potential BO candidate. Hope you guys added it to your WL.

Despite market weakness, ATHN was a momentum continuation play as it took out its daily pivot high and quickly rallied up to R2, paused briefly, before extending further. Midday it retraced 38% of the move from the ORL to the morning swing high - 38% is a normal retracement and often sets ups a second leg.

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