IMGN gapped up 13.3% on news of positive results on a late stage study for a new breast cancer drug. Whenever a stock gaps up more than 5% and sells off for the first few bars of the day, it is a candidate for a short on a weak rally attempt. When the first rally stalls and trades below the low of a previous bar, as IMGN did here trading below the 7:15am PST bar low of $15.16, the short trade is triggered. IMGN traded down to a low $13.75 for a maximum reward/risk of $1.40/$0.13.

AIG gapped up 6.46%. Whenever a stock gaps up more than 5% and sells off for the first few bars of the day, it is a candidate for a short on a weak rally attempt. When the first rally stalls and trades below the low of a previous bar, as AIG did here trading below the 7:10am PST bar low of $29.30, the short trade is triggered. AIG traded down to a low $28.00 for a maximum reward/risk of $1.29/$0.25.