INO after a huge rally up as it confirmed that it was developing a drug for corona, had its price target lowered as its preliminary results were 'unimpressive', the pre-market momentum was strong to the downside with no major pullbacks and it broke through a key technical support pre-market.
The stock opened and the volume profile was healthy, it was clear the bears were in control and the stock traded lower all day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-01 09:53:09 | INO | sell | $22.250 | short |
2020-07-01 10:00:32 | INO | buy | $21.670 | 0 |
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