Shared by
Goku_A7
Gap down, but not a new low, tried to fill quickly so I shorted right at the 20 and 50dmas on the daily. No setup besides those resistance levels, and 25 a good solid number so I placed a limit order just below that and waited.
Stop 25.35
Target 24
Risk 3:1
It pulled back to the 9ema so I added so shares back and placed a stop right above the recent high. I didn't give it much room to play since I didn't want to get squeezed, this stock was popping hard both directions. No sense giving up my sweet gain.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-06-19 09:39:33 | KBR | sell | $24.940 | short |
| 2014-06-19 09:44:47 | KBR | buy | $24.290 | short |
| 2014-06-19 09:44:47 | KBR | buy | $24.290 | short |
| 2014-06-19 09:44:47 | KBR | buy | $24.290 | short |
| 2014-06-19 09:48:55 | KBR | buy | $24.020 | short |
| 2014-06-19 09:48:55 | KBR | buy | $24.020 | short |
| 2014-06-19 09:48:55 | KBR | buy | $24.020 | short |
| 2014-06-19 09:56:53 | KBR | buy | $23.660 | short |
| 2014-06-19 09:56:53 | KBR | buy | $23.660 | short |
| 2014-06-19 10:57:53 | KBR | sell | $23.700 | short |
| 2014-06-19 10:57:55 | KBR | sell | $23.700 | short |
| 2014-06-19 11:32:41 | KBR | buy | $23.810 | short |
| 2014-06-19 11:32:41 | KBR | buy | $23.820 | 0 |
Comments
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Thats a nice catch!