[isatrader]

What are your thoughts about XNPT, I started with half my position but not sure where to put my limit/stop order for the remaining half. The next resistance I see is at 9.

It's come a long way already in a short time, as is 144% above the low from early May and hasn't had a consolidation since July. So unless the volume significantly improves then there's chance of a pullback into the range or a consolidation above it as it's not an ideal breakout and has no near term support due to it's early breakout. So personally I'd be watching for how it reacts once it makes it's first significant pullback to towards the 50 day MA / 10 week MA. i.e. does volume contract on the pullback; does hold at or above the 50 day MA etc. So all the usual stuff we look for with the method.

The chart reminds me of the stock I used in Quiz Question#1 in the Stage Analysis Study Guide thread which was a huge winner in 2013, but never the less, pulled all the way back to the 30 week MA following it's initial Stage 2A breakout as it was very extended short term like XNPT is. Here's the link: http://stageanalysis.net/forum/showthrea...12#pid3312