IDN stock: closed by stop loss at $10.16 with 26% profit. My target was $11, but the stock bounced down yesterday just barely reaching $11. Don't want to risk it. I think the stock might want to do a bit of a pullback, potentially forming a cup-and-handle pattern. Now, I might be terribly wrong and tomorrow the price will continue to move higher, especially that I think the week will close on a good note this Friday.
However, at these prices for IDN, I don't want to chaise it. If the price goes down to $8 I will consider buying again.
What do you think will happen next with IDN? Is it a good buy at the current price?