After breaking out of 65 range earlier, stock pulled back on light relative volume to rising 20SMA. Entered in anticipation of bounce back to upper post-breakout range. Position size lowered because market in an overbought range and probability of pullback is high.
Target: 67.90
Stop: 64.98
R/R: 4:1
Risk: $6.24
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-07 12:33:08 | FB | buy | $65.500 | long |
2014-07-08 09:52:17 | FB | sell | $64.920 | 0 |
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