HTHT Entry

It has been a busy day! HTHT  (China Lodging Group) has been on my watchlist for a while (Aug 3 post). It only trades 65,000 shares a day on average, which makes it a bit choppy, but it's an active stock with a decent chart and solid Q/Q growth in EPS and Sales.
This is what the chart looked like in my screen last night. Note the Darvas Boxes stacking on top of each other. Since I am at the computer today, I set an alert to notify me if the price crossed $22.00, near its All-Time High at 22.18...which it did (see the next chart).

And this is the chart of 10-minute bars, showing the recent high and low (within the Darvas Box above). I liked the bullish divergence between Elder Force and price during August 30-31 lows. Anyway, I didn't get a great fill, but I entered at 22.52. My stop is 22.25, leaving $0.27 at risk, theoretically. I say theoretically because with a stock this volatile and choppy there is a higher chance of a gap below the stop.

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• Do All Time High Stocks Outperform? Research suggests they do.