NVCR - Double Bottom - 2019-01-09
NVCR Trade Summary
Performance metrics and trade details for NVCR breakout.
- Risk
- 0.8%
- Gain %
- 45.0%
- Market Condition
- Bullish
- Entry
- Breakout
- Stop
- LoD
- Exit
- Before ER
- Reward Risk Ratio
- 56.2R
- About
After a failed breakout on January 8, 2019, Novocure gapped up the next day, reclaimed the prior day's high, and continued higher without looking back. The setup occurred in a bullish market and offered a low-risk entry with 0.8% risk.
Along the way, the stock formed several high-tight consolidation areas, providing additional add-on opportunities. The move resulted in a 45.0% gain.
After Breakout
Market Correlation Analysis for NVCR
Top Similar Tickers
Stocks that move in the same direction as NVCR
| Rank | Ticker | Score |
|---|---|---|
| No similar stocks found in the current universe. | ||
Top Inverse Tickers
Stocks that move opposite to NVCR
| Rank | Ticker | Score |
|---|---|---|
| No inverse stocks found in the current universe. | ||
Related breakouts
More to study.
Table of breakouts
| Company | Catalyst | Gain (%) | Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | NVCR | Double Bottom | Jan. 8, 2019 | Choppy | 2.2% | Detail https://breakoutdb.com/nvcr/nvcr-double-bottom-2019-01-08/ |
(*) This trade is still active; the gain is an estimate based on the current price.