1. In yesterday’s (Thurs., Feb. 12) Williams edge stock meeting it was noted that Garman, then trading at approximately $55.50 was an immediate ‘Buy’ for further advance to $56.50 or higher.
2. Today’s (Fri., Feb. 13) session advanced powerfully and completed the $56.50 initial target (and higher).
3. Those long from yesterday’s long entry exited (at least) a portion of their position at/near the noted $56.50 initial target. Any remaining long position should be held for the possibility of higher prices to be messaged in a subsequent update.
4. A protective sell stop should be placed at $56.40. This stop will be move higher as the market continues to confirm. Will update.