Weekly chart pattern base nicely with tight price action, went long and held through a retracement below 21. Price worked out with a spike to 28 because of a buyout offer
Aug 14 (Reuters) - U.S. digital imaging chipmaker OmniVision Technologies Inc said it received a buyout proposal from a group of investors led by China's Hua Capital Management Ltd.
The proposed offer price of $29 per share in cash values OmniVision at $1.67 billion.
The proposed offer price represents a premium of 17.9 percent to OmniVision stock's Wednesday close.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-27 10:28:31 | OVTI | buy | $19.850 | long |
2014-08-14 09:57:10 | OVTI | sell | $27.820 | 0 |
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