I kept Intel on my watchlist since Friday to monitor when buyers would step in because of their earnings beat and raised guidance. Intel sold off on the OD but caught some bids at 50.80 where it proceeded to trend up all morning. It made a HL just below the 51 level then made a higher high at 51.25. I bought a tier on the next HL at 51.07 and sold half into strength at 51.34 and the other half at 51.54 because this was near todays opening price and sellers may be present. It proceeded to trade above last Thursdays low of 51.85 and I jumped back in on the first pullback above this level at 51.98. I sold half of my second position at 52.05 because it was starting to consolidate and sellers were selling into the 6 to 8 cent range. It has been slowly trending up since then and I still hold my half position (still waiting for another pullback so I get add to my position). After Intel broke the 52.5 level from yesterday, I decided to re-add my missing half at 52.50. It failed on the pullback to 52.50 and I sold my entire position 52.43.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-07-29 10:19:28 | INTC | buy | $51.060 | long |
2019-07-29 10:27:20 | INTC | sell | $51.353 | long |
2019-07-29 10:36:04 | INTC | sell | $51.550 | 0 |
2019-07-29 11:15:11 | INTC | buy | $51.975 | long |
2019-07-29 11:29:12 | INTC | sell | $52.052 | long |
2019-07-29 15:06:15 | INTC | buy | $52.498 | long |
2019-07-29 15:15:40 | INTC | sell | $52.435 | 0 |
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