CVU hit the first profit target (T1) on Friday (and slightly exceeded it) for a 13.3% gain. As the stock is still trading around that level, consider booking partial or full profits or at least raising stops as the risk to a pullback in the broad markets is extremely high right now. I will leave the trade as active for now for those targeting T2 as the chart still looks constructive although the odds for a pullback off the T1 level is quite high IMO. There are many ways for a longer-term trader to play this. e.g.- Book full profits here & re-enter on a pullback or solid break above T1; tighten stops and let the position ride; take partial profits and set stops on remainder to assure a profit or breakeven on the trade; etc… Previous & updated daily charts below:
(Note- I had to work on a back-end issue with the site over the weekend which I was finally able to complete shortly before the game last night and therefore, did not get a chance to update the trade ideas as I had planned. I will do my best to highlight any trade ideas or setups that stand out asap).