Weak stock tumbling down for some time, it had gapped down and pulled back to the top of the gap after flushing. I thought I could short it there and have it fade again for a swing. Target of 9 and stop at 10.20 gave me a great risk ratio so I'm not upset with this one.
Concerns: 10.20 was the gap level, 10.50 was the 20dma so it might pop to there. Will be watching if it does. Market strong.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-27 10:21:59 | DANG | sell | $9.970 | short |
2014-05-27 10:22:05 | DANG | sell | $9.970 | short |
2014-05-29 09:58:00 | DANG | buy | $10.200 | short |
2014-05-29 09:58:00 | DANG | buy | $10.190 | 0 |
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