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Market Lab Report - Two of many examples of taking profits when price gets ahead of itself

Published : September 28 2016 at 10:44 ET

We recently advised members to potentially get on board a number of stocks such as TWLO and LN when they were trading close to their respective logical areas of support on constructive pullbacks. This minimizes risk as one's sell stop would only be a few percent or less away from one's entry price.

Today, both have gotten ahead of themselves on a price basis so profit taking earlier today when both were up a few percent or more would have been justified.


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