Great Trade on CVS today. The stock was moving on surprise earnings. Big Name, Big News, Big Trade potential. I was patient with this one it was trading side ways during the open. I knew it eventually had to pick a side. Once i saw it broke major resistance of $57.00 I wanted confirmation of heaving buying interest before entering. I waiting for the stock to find support on the pull back around $57.10 and placed my stop @ just below $57.00. I knew if it held $57 buyers were in control. The next level of resistance was $57.50 (premarket level). I took some shares off @ $57.40 as the stock seemed to be loosing some gas. I held the remaining shares and trailed the 5 min candles until the stock made a lower low. I was finally stopped out at $57.45 for my last portion. Nice avg of gain 33c.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-05-01 10:16:29 | CVS | buy | $57.100 | long |
2019-05-01 10:25:32 | CVS | sell | $57.400 | long |
2019-05-01 10:35:36 | CVS | sell | $57.450 | 0 |
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