earnings play stock was down $0.32 on earnings. got out where I thought the flag had broken down. the chart is a beauty! it just kept flagging! too bad I missed out.
were there any signs that this would indeed be a great long play?
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-14 09:48:14 | XONE | buy | $27.470 | long |
2014-08-14 09:55:02 | XONE | sell | $26.820 | 0 |
You was a bit early on the entry. Sometimes that happens. Keep your eye on the stock and if the trend is still holding upright jump back in the trade.. nice clean flag pattern here... http://screencast.com/t/ovVwxpQHCe
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When you look at the daily chart, you see that the price was near the $25 support. That is something to be careful about. A similar thing has happened to me when I shorted a downtrending stock, which was at it's all time low and it bounced right back up: http://www.tradervue.com/shared/trades/989560