This stock has been in downtrend on daily for past 7 days and started out the day trending down as well, so wasn't necessarily the best candidate to make a run upward. But starting at 11:30 it started to move upward and got above it's MA's. It then tested a price resistance at 6.84 for 4 five minute candles and the dips in those candles were getting bought up and holding it's 50 SMA. As I was putting in a stop limit order to buy at 6.85 w/ a stop just below the 50 SMA at 6.77 it moved above 6.84 so I quickly bought it @ 6.87, which was just in the nick of time as it quickly shot up. I sold half .12ยข from buy to book some profits and sold the other half pretty close to HOD's.
Kunal called this stock the devil stock, lol, not sure why that is, maybe he can review this trade and tell why that is ;)
At any rate, think I nailed this trade pretty well.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-27 12:36:09 | NWBO | buy | $6.870 | long |
2014-06-27 12:43:37 | NWBO | sell | $6.980 | long |
2014-06-27 12:56:26 | NWBO | sell | $7.120 | 0 |
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Nice work!