BA was downgraded to sell by GS this morning. A sell rating from the king of Wall St. Broker/dealers is deadly. Traded this on the 5 minute chart as it carved out two IBs at the base of the ORL. I tightened the stop when the second bar printed a green hammer. Price can quickly reverse from the early reaction low and I don't like the first trade of the day to be a loser. I tightened the stop again when price printed a lower low at the blue line segment. My target was the round number $70.00 and it lined up fairly well with the 38% Fib. extension of the previous day high to the ORL as depicted on the 15 min. time frame below.

How I DayTrade calls this setup Gap & Go.