The RKDA long swing trade gapped above T3 to open at 8.11 today, resulting in a 79.1% beta-adjusted* profit or a 113% unadjusted/total gain on the trade. When a stock gaps above a final price target or below a suggested stop, the target (or stop) is revised & calculated at that level as that is where any standing sell limit (or stop loss) orders would be filled as limit and stop orders are bypassed on a gap.

I’ve mentioned on the trading room as well as front page posts/videos that RKDA had also previous hit T1 & T2 with several updates since but I’ve been behind on posting the final updates on many of the recent official trades. All official trades, winners & losers, are updated with a front page post after any of the price targets and/or the maximum suggested stop is hit. Once a trade is completed (i.e.- final target or max. stop hit), a final update is posted and all associated (previous) posts on that trade are then moved to the Completed Trades archived for future reference.

As front page posts were not made when RKDA hit T1 & T2, the results were a 15.1% beta-adjusted gain (21.5% total gain) as well as a 28.1% beta-adjusted or 40.2% total gain when both T1 & T2 were hit on Feb 13th.

RKDA is trading at 7.85 as I type (10:31 EST) and as I stated in the original setup on this trade, when this little momentum stock wants to run, it can really run. With that being said, for those planning to hold out for additional gains, raising or trailing stops to 7.70-7.75 would be prudent, as would booking partial profits, while booking full profits here would is my preferred choice.