Oil was moving back up and I saw OAS and LNCO moving higher. LINE and LNCO usually move together and have similar charts. This broke a small bull flag and pushed higher and I bought in. I was looking for more upside than what it gave. Again this was the wrong oil stock to trade on Friday. The morning price action was not as healthy as LNCO. This pulled back a good way below vwap as LNCO pulled back to vwap. This should have been a clue.
Execution detail:
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