RAME - Darvas Box Trade

RAME - Nasdaq.  RAM Energy Resources Inc. has formed a Darvas box at a new historic high following a couple of recent large volume expansions.  This is the classic pattern that Nicolas Darvas constantly looked for and eventually made his fortune with.  When trading the Darvas Method, we place a Buy Stop order with the broker to purchase the stock the moment it pushes through the top of the box, in this case 6.84. 
Automatically upon being filled, a Stop Loss is entered a fraction below the bottom of the box to protect the position, here just under the 5.90 low.  This stop is then trailed upwards to lock in profits as the trade unfolds.