TRLA – Long – weekly chart

I entered a long position in Trulia Inc (TRLA) a minute before the close at $34.6699 today (I didn’t pick that number. My limit order was $34.67.) The reason I took the trade. TRLA broke the down trend line and has bounced off solid support (as seen the picture below). TRLA history: the last time TRLA broke a down trend line it was 1/7/13 ($17.61) and one could have road it up and exited 10/11/13 ($43.53) for a 147% return in about 9 months.

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