New Trade - MYL

Along with BBY, I also got into MYL. Here's the chart:

As you can see, first and foremost we are in an uptrend along with the rest of the overall markets. The stock went up, touched resistance and had a pullback then it went back up to resistance and broke up through it with a nice little uptick in volume as well.

MYL had news that a couple of it's generic drugs were approved by the FDA, so that will give it a bit of a boost as well.

The target will be the next level of resistance above, here's a longer term chart to show that:

Our target will be just before that resistance level - around 21.50 or so.

I bought the January 17.50 Call for $2.35, and you can see where the stop is located - just below bottom of the last pullback where the buyers came in to drive up the price to the current location.

Now that I'm in the trade, it's time to just be patient and let it go where it will - hopefully up to our target.