Shared by
firesky_BOWS
SHORT SWING POSITION: Bear flag formation with three taps of resistance trend line. Short-term stochastics are overbought and low buying volume lately so looking for this stock to drop a bit more even though it has fallen quite a bit already. My stop is at $8.10 with targets of $5.75, $5.49, and $3.75. Corresponding R/Rs are 1.0, 1.2, and 2.7.
11/19/2014: Hit first target. Sold some for profit, moved stop to $6.82.
12/1/2014: Hit second target, took some profit. Stop moved to $6.26.
12/8/2014: Sold remaining position at end of day.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-10-23 09:41:00 | ARWR | sell | $6.910 | short |
| 2014-11-19 11:03:00 | ARWR | buy | $5.750 | short |
| 2014-12-01 11:51:00 | ARWR | buy | $5.490 | short |
| 2014-12-08 15:59:00 | ARWR | buy | $5.140 | 0 |
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