AVYA Trade on Feb 10, 2020 10:40 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Earnings: -4% Y/Y, mixed guidance
-Cloud, Alliance Partner & Subscription revenue was 18%
-Repurchased 10.7 million shares of stock and paid down $250 million of long-term debt

Technical Analysis

-Uptrend since last years October low
-OD weakness, supported at 12.20 which was prior close then broke below giving a good short opportunity
-All day uptrend starting at 10:30am
-Levels: 11.90, 12.20, 12.50, 13

Original Plan / Strategy

First Test Short of 12.20 with prior close confluence

Review

Two lots filled on the way up, added another lot at 12.19 after seeing a stall. Price broke above 12.20 to 12.24 then pullback finally started, took 1 lot of profit at 12.13 as the stock was stalling above 12.09. not enough panic on pullback so scratched the trade at $12.17, good call as stock trended up all day.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-02-10 10:40:16	AVYA	sell	$12.170	short
2020-02-10 10:40:46	AVYA	sell	$12.190	short
2020-02-10 10:41:14	AVYA	sell	$12.190	short
2020-02-10 10:45:31	AVYA	buy	$12.130	short
2020-02-10 10:46:53	AVYA	buy	$12.170	0

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#chart2 { background-image:url('/shared/charts/pricechart?symbol=AVYA&trade=12880481&end=20200210121353&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=AVYA&trade=12880481&end=20200210160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=AVYA&trade=12880481&end=20200311&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}