Another Example of the OR High == Yesterday’s HOD Explosion

Today’s example of the pattern I’ve been talking about is from Ceradyne Inc. (Nasdaq: CRDN):

Of all the ones I’ve put up on my blog, I’ve unfortunately only spotted one of them in time to trade it. Primarily because I’ve been oversleeping the last few days (or, if you got mail from me at 4am, you know I actually underslept, then napped right through the open!). If people spot examples that didn’t work, I’d like to see them. It seems like a really solid pattern so far. Has a nice breakout when it breaks. I’m not sure if the 5ma (thick grey line) being so near is necessary or not, but I’ve noticed it’s almost always near when this pattern emerges, as well.

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