A Simple Job Down in Cuba

CUBA has been a good day-trading stock over the past few sessions. We profiled the 20-period moving average on the 5-minute chart last week after the initial political news about Cuba was released. Since then, the stock has continued on higher. Updating the 10-minute chart below, I still think you can use the 20-period moving average as a rough guide to determining whether the explosive breakout has room to go even more parabolic. If price continues to find support there I think day-trade longs are actionable. Know your timeframe, though, as I would not be starting a new swing long up at thesis levels without a multi-day pause first.