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CLVS Price Target Hit for a 25% Profit

The CLVS (Clovis Oncology Inc) short trade has hit the sole price target for a 25.4% profit & will now be moved to the Completed Trades category. Consider booking full profits or at least lowering stops if holding out for additional gains. For those preferring to lower stops & try to eek out some more gains on this trade, CLVS has gap support at 25.43, which could act a possible reversal point (placing BTC order set slightly above). Original & updated 60 minute charts:

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Oct 7, 2016 9:44am|Categories: Completed Trades - Short|Tags: |3 Comments

3 Comments

  1. rsotc October 7, 2016 10:00 am at 10:00 am

    Reversed CLVS for a quick bounce trade for almost 3 1/2 pts going long just above the top of that Sept 7/8 gap. Considered letting it run with a tight trailing stop but decided to just close it about half-way back into today’s gap.. darn thing just might want to backfill the entire gap, maybe not today but overnight risk is just too high in CLVS right now so I went flat & probably won’t trade it again.

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    • Nick G. October 7, 2016 12:54 pm at 12:54 pm

      rsotc…appreciate the early heads up…..was able to close at 27.07 before headed up toward 30 this morning

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  2. rsotc October 7, 2016 1:17 pm at 1:17 pm

    Congrats Nick. I’m glad that I noticed it in pre-market & was able to get that heads-up post out. I have a mosaic of streaming charts showing the pre-market trades on numerous stocks, sector & broad market etfs, futures contracts, etc… up on one of my monitors that I check every day well before the market opens but didn’t have a chart up for CLVS. I only noticed the big move when I was reviewing the positions in my trading account & noticed an unusually large pre-market gain for the account (largely attributed to CLVS). Had I not noticed that, I might not have been aware of the gap until shortly after the open. Glad you were able to exit at a good price before the reversal.

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