A Bull in This CORT

CORT is a name we had been stalking both inside Market Chess Subscription Services and here on this site, too. The stock essentially is at the cross-section of some of the hottest parts of the market of late--biotechnology stocks and small caps.

Furthermore, as you can see on the updated daily chart, below, the stock has been basing sideways, tightly, within the context of an established uptrend (rising and properly-aligned daily chart major moving averages).  

I went long last week art $6.73 with a stop-loss below $6.35, looking for an imminent breakout. With today's strength, I sold half of my position and raised my stop to my entry price. 

Going forward, we continue to have these types of setups on our radars, as long as the market keep permitting smaller cap names like CORT to set-up well and then follow-through.