Emulex (ELX) has moved some towards the profit objective since triggering. It is however, taking its own sweet time doing so. What I do with trades that begin to wander like this is implement a time stop for myself. In this case I am just moving the stop to breakeven at this point. Its all about risk mitigation. The best trades trigger and go. When something triggers and meanders it becomes less probable that it will work.
Good Trading
Craig
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