Very nice price action in our favor overnight. High was 27.04 with a target of 27.40. We're getting close.
However, at 6:30am ET I noticed the 20 sma has dipped down to 27.25 which is between us and our goal. I think we'll hit our target before rejecting off the 20sma, if we reject off it at all. But its a good idea to move our Stop Loss to break even.
So, I'm moving the Stop Loss from 24.50 to 2 ticks over our entry, 26.05+.02=26.07. The 2 ticks absorbs the Bid/Ask spread and commission.
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