MPWR gaped up and traded higher on Sep 2 then it consolidated for a week and it’s now trading close to all time high.  This company has good earnings and if break out is successful I may be able to keep it for a few days to a week.  Entered buy stop-limit order for $26.15-$26.11 and stop loss at $25.83. Stop Loss is tight but I can buy it back if it ended up trading higher after break out.  Don’t have a target for this trade but will trail the stop at previous day’s low.

 Other 2 stocks looked at are NWK and ZNH. NWK is also in strong up trend and trading in channel; I am not comfortable buying from support channel because timing is not ease to master.  ZNH in strong up trend as well but it just droped 20% from $100 and it may need some time to recover before trading higher again.

Weekly chart showed long base.

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