Recent IPO trying to regain its opening day support. Intraday was a solid base with a nice flag that formed off of the pop. I entered with a stop below .6 and wanted to see a $14 push. If it showed strength I wanted to add to the position for a bigger move. The stock failed to get any momentum and I sold as it came back in the flag breakout.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-17 13:22:49 | MOMO | buy | $13.680 | long |
2014-12-17 13:52:34 | MOMO | sell | $13.660 | 0 |
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