Vanda Pharmaceuticals – VNDA

2018-10-22

This trade idea came to me during my review of Investors Business Daily, IBD Weekly, VOL 35 NO. 29 Week of October 22, 2018. This was featured in the Stock Spotlight section. I had liked the chart pattern and researched a little further

I got filled at: $21.98
-5% stop: $20.88
+20% Target: $26.38

IBD Rankings today
Composite Rating: 95
EPS Rating: 76
RS Rating: 95
Group RS Rating: A
SMR Rating: D
Acc/Dis Rating: B
ROE: 0%
Debt: 0%
Outstanding Shares: 54.2m
EPS Due Date: 11/05/18

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

VNDA 5 Year Monthly from Bigcharts 2018-10-22

VNDA 1 Year Dailly from Bigcharts 2018-10-22

VNDA 3 Month Dailly from Bigcharts 2018-10-22

VNDA 3 Month Dailly from Stockcharts 2018-10-22

2018-10-24

I closed out of this position after lunch. The day was not working and I was already down about 1.6%.

I got filled at $20.75 and I am glad I sold when I did, because the rest of the day was worse. It closed at 20.00

VNDA 3 Month Dailly from Stockcharts 2018-10-24