{"id":28,"date":"2008-07-01T11:14:41","date_gmt":"2008-07-01T16:14:41","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=28"},"modified":"2009-06-03T11:15:14","modified_gmt":"2009-06-03T16:15:14","slug":"second-day-mygn","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/second-day-mygn","title":{"rendered":"Second Day (MYGN)"},"content":{"rendered":"

One of the plays that we teach our traders is called a Second Day Play.\u00a0 Today we had such a play with MYGN.\u00a0 MYGN had some bad news on one of their drugs that they were testing and the stock traded considerably lower\u00a0yesterday.\u00a0 But into the close\u00a0MYGN showed strength.\u00a0 It finished strong.\u00a0 However MYGN had trouble trading above 45.75:<\/p>\n

<\/p>\n

So after the Close I set an alert\u00a0at 45.75 for MYGN.\u00a0 Today the stock traded above 45.75 and then exploded to the upside.\u00a0\u00a0 Chop! \u00a0This was not a surprise since we learned 45.75 was an important resistance level yesterday, the First Day of trading after significant news.<\/p>\n

So set your alerts.\u00a0 And look for other Second Day plays to capture.<\/p>\n","protected":false},"excerpt":{"rendered":"

One of the plays that we teach our traders is called a Second Day Play.\u00a0 Today we had such a play with MYGN.\u00a0 MYGN had some bad news on one of their drugs that they were testing and the stock traded considerably lower\u00a0yesterday.\u00a0 But into the close\u00a0MYGN showed strength.\u00a0 It finished strong.\u00a0 However MYGN had trouble trading above 45.75: So … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[30,18,301],"class_list":["post-28","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-prop-trading","tag-smb-capital","tag-trading-blog","no-post-thumbnail"],"yoast_head":"\nSecond Day (MYGN) | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/second-day-mygn\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Second Day (MYGN) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"One of the plays that we teach our traders is called a Second Day Play.\u00a0 Today we had such a play with MYGN.\u00a0 MYGN had some bad news on one of their drugs that they were testing and the stock traded considerably lower\u00a0yesterday.\u00a0 But into the close\u00a0MYGN showed strength.\u00a0 It finished strong.\u00a0 However MYGN had trouble trading above 45.75: So ... 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