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Btat
KPTI:
Q3 GAAP EPS of -$0.67 beats by $0.17.
Revenue of $13.15M (+5379.2% Y/Y) beats by $11.35M.
Strong Sector
SPY Gapping to highs
KPTI Strong Daily and Weekly
Strong Market + Strong Sector + Strong Daily Chart + Earningsd Beat + Intraday Uptrend + high inst own + high short int = what got me interested in this.
Breaks 14 and comes down to VWAP and holds where I take a starter risking .5 area/
Add when 14 holds
Key level Develops abvoe VWAP and we begin to push off, new risk moved up, if price gets below this level my thesis is invalid.
Stop out
Why this didn't work: maybe it was gapping up too high and was actually overextended, intraday market was slighlty red and etf was in a downtrend.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-11-04 10:10:35 | KPTI | buy | $13.755 | long |
| 2019-11-04 10:35:09 | KPTI | buy | $14.070 | long |
| 2019-11-04 11:49:05 | KPTI | sell | $13.770 | 0 |
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