Perhaps my opinion of this stock colored my decision making, but my thought was is that is a POS stock, that it had rallied strongly the last few days, that the 3.50 area was a level prevously in Oct, Aug and June/July, and that people might be wanting to take some off the table before the close,(Ignoring the successively higher lows)
2/6/15 NOTE:It's obviously forming a flat top breakout
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-24 15:25:59 | ARO | sell | $3.470 | short |
2014-11-24 15:35:56 | ARO | buy | $3.510 | 0 |
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20ma held it up on 5min chart. Still making higher lows. No short setup yet.