Stock made a nice run with the rest of the biotech's. After the stock broke below the EMAs and back above 59.80 resistance I entered 300 shares at 59.85 and placed a stop at 59.60. I learned my lesson in SCO and scaled out 100 shares on the first pop at 60.35. I scaled out another 100 shares at 60.53 and 50 shares at 60.60. I held onto 50 for lotto to see if it could break above 50.80 resistance. Once it couldn't and broke below the 9 EMA I sold of the 50 shares at 60.49. It was nearing the close so I figured if it couldn't break this level now it probably wouldn't today.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-30 14:28:53 | JUNO | buy | $59.850 | long |
2015-03-30 14:34:13 | JUNO | sell | $60.350 | long |
2015-03-30 14:54:44 | JUNO | sell | $60.530 | long |
2015-03-30 15:01:48 | JUNO | sell | $60.600 | long |
2015-03-30 15:25:49 | JUNO | sell | $60.490 | 0 |
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Nice entry and scaling out.