breaking down on the daily on earnings. stock pulled back intraday and was flagging. entered on the break of the flag. stopped out
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-23 10:35:00 | YOKU | sell | $18.510 | short |
2014-05-23 11:04:00 | YOKU | buy | $18.868 | 0 |
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Broke above VWAP at 18.41, then just rode along it for a few min. I tend to look for breakouts when price is above VWAP, and breakdowns when price is below it. Just a thought