According to Investors Business Daily, the high tight flag pattern is a very rare pattern that can be very profitable. Here is there definition; High, tight flag bases clearly make this statement: “We’re up-and-coming.” This vertical-looking pattern forms as a stock surges 100% to 120% in four to eight weeks. The stock then corrects just 10% to 25% in price for only three to five weeks. The ideal buy point is the high of the flag plus 10 cents.
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Sientra Inc $SIEN fits the description to the t. Is $SIEN up 100% to 120% in four to eight weeks–yes. Has the stock corrected less than 25%-yes. Did the stock pass the ideal buy point-yes. #IBDPartner
Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at email@example.com or 646-480-7463.