[isatrader]

AXGN is breaking out. 9% up. Tempted but I'd have to sell a laggard. It is a continuation after 5 months. But the MA has been rising for 2 years. So is it a continuation or a blow off top? That has given me pause.

Like on the previous one we talked about, the entry was near to close on Friday, or on the open small gap up today imo, as it's already 10.75% higher today. So a solid Stage 2 continuation move to new highs with good relative volume after a stable five month consolidation period, but ideal entry missed imo. Although it might have a small pullback or consolidation, so there could be another opportunity to get in, as the move might need to be digested a bit, but trader method breakouts are hard to catch. Near the end of the day scans for strong relative volume and new 50 day highs etc or similar type of scan can be useful I've found if you want to catch these type of breakout moves.