This has been my best trade so far.  On 28 Jul $MBRX crossed an RSI of 60 and was trading above the upper cloud of the Ichimoku.  SuperTrend also gave me good indications of a strong uptrend forming so I took the trade on 28 July w/ 4K shares at $2.47.  $MBRX consolidated on the 28th and then made decent gains on 31 July before it's nice spike today on 1 August.

I used RSI and MFI to help me determine when to exit the trade when it looked like it was becoming severely overbought.  I exited at $3.25 but the stock actually ran up to HOD at $3.40 so a decent amount was left on the table.  However,  being greedy will often get you burned and I took the proverbial "meat of the move" as @TimothSykes preaches.

Great day!  I will verify the trade when Etrade updates.

 

Stephen