Stock was heavily extended on the downside. But once it rested I entered a short position thinking that it was going to tank some more. I didn't look at the bigger time frames which would've told me that this stock had a support area since it was consolidating on the daily. When the stock started to change direction I exited my position.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-24 09:44:06 | CLR | sell | $38.060 | short |
2014-12-24 09:48:06 | CLR | buy | $38.230 | 0 |
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