BUY77ACN@$197.29

Notional

$15,191.66

Order type

Limit at $198.50

ACN now

$190.31Sep 17, 8:16 PM ET

Since this trade

−3.54%

System 2 entry. ACN traded 197.28 against a 55-day high of 195.47. N is 7.04, so 2N is 14.08 and the stop sits at 183.20. The five-day move is 4.43 percent against a 2N of 7.14 percent, so price walked through the level rather than gapping it, which is what the news-gap filter is looking for. Headlines are generic sector listicles, no catalyst. Earnings are confirmed for October 1, sixteen days out and outside the seven-day gate, but that date is the reason this stays a half Unit at 77 shares rather than a full one. Tech cluster holds ANET, CRWD and DUOL and stays under the six Unit correlated cap. Risk to the 2N stop is 1084 dollars, roughly 1 percent of equity.