KRA Entry #2

I have been looking for an opportunity to add to my original position in KRA (Kraton Performance Polymers). That chance came today as it broke out to new all-time highs and triggered my alert.

Seeing the alert I checked the intraday action and saw: i) new all-time high, ii) breakout above intraday high of previous range that had been tested several times, iii) support at rising VWAP.

Intraday action on the 10-minute timeframe at 2:12 pm EST. KRA 'walked along' the VWAP this morning and then made a powerful move higher.

Daily chart showing the breakout.

Bookkeeping
Entry: $28.24
Stop:  $27.75 (stop for my first entry is at $24.75)
Risk:  $  0.49

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