Here is a textbook IPO stock doing what it’s supposed to be doing. Check out Juno (JUNO) (January 12, 2015)
I want to look at Juno ( NASDAQ:JUNO ). Now this is what the stock looked like yesterday; this is how long it’s been trading, opened here on the 19th of last month, so here’s how the stock was trading yesterday or on Friday. It broke out to a new high, a new intraday high and actually a new closing high as well.
You want to be long stocks when they’re doing this, there’s no other way to say it, an IPO that moves higher then just drifts sideways for a while and then pushes to a new high, guess what? Everybody’s a winner. As of Friday, everybody that owned this stock, unless you bought right here, or even right there; everybody’s a winner, the stock is poised to move higher.
So what do we get? We get this; we get a breakout on heavier than average volume, up 13.5 percent. Why? What was the big deal today? It was technical, it was a technical breakout; I don’t think it’s too late for you to buy this stock. Could have bought it, should have bought it, would have bought it last week, but I don’t think it’s too late for you to buy it now; I think this stock goes a lot higher.
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