IRBT has crossed below its 10-day price channel, giving an exit signal to my bull position, which is structured as long shares. The breakout level is $24.45, and the price has retreated to a higher level since the signal occurred at about 12:30 p.m. Eastern.
Rather than exiting immediately I'll be working the position for a strategic exit sometime in the next few days. It's a small loss at present, but maybe I can turn it for profit.
IRBT publishes earnings on April 23. My entry posting of March 13 can be read here.
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