Nice Stock Set-Up on Onyx Pharmaceuticals ONXX

On today’s video I decided to do something a little different since I believe there’s a good low-risk long trade set-up on Onyx Pharmaceuticals (ONXX). My automatic radar scan on Tradestation brought back this stock and I wanted to show this trade to you. The buy came in at 42.73 and the first profit target price is up at 43.30. The initial stop loss has now been moved up to 42.49…which means I’m only risking .24 to make .57 – a real good risk to reward ratio. Have a great day and please watch the video to find out more.

 

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