BUY NOVT Novanta Inc. Blue Sky Breakout (daily) strength 80%

2026-10-02 · entry ≈ 151.62 · stop 136.46 (10.0% risk) · LIVE / PROVISIONAL — candle still open

Setup conditions
✓Overbought extension over trend MA 32% over 200dma (>=25%)
✓Tangled in the MAs 13d
✓Worst pullback close vs trend MA -4.4% (kill if >5% below)
✓Closes below the trend MA 5
✓Trigger: close above all 3 MAs
Strength boosters
☐Held within 2% of the trend MA (respected it)
☐Bobbled between the MAs (proved S/R)
107.42122.11136.81151.50166.19180.89tangled in the MAs (13d)extension high50dma100dma200dmaprior_high 176.38stop 136.46signalentry 151.62Feb 27 26Apr 06 26May 11 26Jun 16 26Jul 23 26Aug 27 26Oct 02 26

target(prior high) 176.38; initial stop 10% below entry; TRAILING EXIT: close below >=2 of the 25/50/100d MAs (backtest-optimal on Sharpe/Sortino/CAGR, locked 2026-08)