Let the trades begin

I opened an IRA yesterday and am ready to do some trading there. XXIA showed up on my volume surge screen and it staged a nice breakout today. The first breakout was after it reported earnings. The three week consolidation after that is good for the second breakout. What I like about stocks that breakout on good earnings is that the upgrades soon follow and really there's nothing to stop the momentum for at least a quarter.

I'll buy it tommorrow. I have a mental stop loss at around $12.8.



XXIA formed a cup-with-handle pattern and had a breakout