IOVA a volatile medical stock approaches earnings LONG

Feb 26

IOVA has doubled in February and broke out above its volume profile high volume area about

one week ago as it runs to earnings. Since it settled down two days ago into a relative side-

ways consolidation. I will take a long trade here for a pre-earnings play to presume that the

buying and bullish momentum will resume nearly immediately.

Feb 26

Trade active

My Buy stop to add more shares to the position is 16.35 the top of the local
volume profiles' high volume area.

Feb 26

Note

Feb 26

Note

Feb 26

Trade active

IOVA up 5% from the open now situated at the moving average ribbon for an add to
the position

Feb 26

Trade active

Given the morning price action, I expect a fade this afternoon and so will look

to add again near to the close of the session.

Feb 26

Trade closed: target reached

Position built last week closed for big profit at the double top- expecting to re-enter
after the fade or full retracement

Feb 26

Trade active

Re-entering using only the profit from the last trade to compound the gains.
targeting the VWAP lines above

Feb 26

Note

Targets 16.60 and 16.85

Feb 27

Note

Feb 27

Note

Partial Profits taken - half the position is still running no signs of letting up- still with relative strength in the 60s. This has been a great trade.