2020 Actual Trade: AVTR +17% Profits

November 11, 2020, 2:36 pm EST

2020 Actual Trade: AVTR +17% Profits

As mentioned in our August article (gold member)  Mission Critical Products for COVID-19: Avantor Inc. (AVTR), we began tracking AVTR for an entry point and finished up with +17% profits for about two months of smooth holding. Here are the highlights and experience on this trade:

Fundamentally, AVTR is on demand due to its product in the healthcare and biopharma industry during pandemic. 

  • Technically, AVTR kept rising from March to April that indicated strength
  • April 30 gap-up breakout formed a tight rectangle base until July 30
  • Another gap-up breakout in early August got our attention to look for entry point. 
  • Opened the position in September for potential breakout attempt which is about 2 weeks earlier than the turning point in the beginning of October. 
  • Although it was up and down, there was no threat to hold this position. 
  • Then, November is the time for a quick run and profit taking with +17%.
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