Shared by
Cklamb
CVS
Intraday Fundamentals
• Strong all day Closed HoD
• Solid response to earnings
Technicals
ADV 7.37 RVOL 2.97 ATR 1.49 BETA .848 Short 1.86 Inst OWN 79.7%
Daily
Hourly
Intraday
Trading Strategy
• Long this on a pullback at the open consider size if it pulls back into 71 and add it bounces off 70.75 take the loss if it doesn’t
• VWAP and SMA momentum trades
• If 72 rejects consider shorting if it cannot power up enough to test again.
Reading the Tape
All morning, I had some kind of bead on this morning. I did push the tape a little bit coming into the close and had lost the reads like I had in the morning session. The momentum was easy to see if I just stayed focused on the read.
Trade Management
• I crushed this morning.
• I played into VWAP work off the SMA effectively
• Great risk control
• Pushed a little too much in the afternoon.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-11-07 15:05:24 | CVS | buy | $71.513 | long |
| 2019-11-07 15:05:29 | CVS | sell | $71.515 | long |
| 2019-11-07 15:06:05 | CVS | sell | $71.455 | 0 |
| 2019-11-07 15:07:41 | CVS | buy | $71.473 | long |
| 2019-11-07 15:07:51 | CVS | sell | $71.455 | 0 |
| 2019-11-07 15:09:29 | CVS | buy | $71.475 | long |
| 2019-11-07 15:09:34 | CVS | sell | $71.475 | long |
| 2019-11-07 15:13:14 | CVS | sell | $71.470 | long |
| 2019-11-07 15:13:14 | CVS | sell | $71.470 | long |
| 2019-11-07 15:13:14 | CVS | sell | $71.470 | 0 |
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