Ticker: KRTX
Date: 7/13/20
Size: 10
Amount of Trades: 1
Closed P&L: $-22.4
(as of 7/13/20)
RVol: .84
AVol: 271k
ATR: 6.59
Float: 20.91M
Beta: n/a
52 Week Range: $11.24 - 152.00
Sector/Industry: Healthcare/Biotechnology
KTRX is a name that popped up some time ago. Price rallied from $32-94 in November 2019 and pretty much meandered between it's ultimate resistance of 123.99 and support of 85.01 (monthly level). Price sold off and bounce off of the 233 MA around $50 and rallied back above 94. I was waiting for the support buy at $94. The spread was really wide on this name and there was never a steady flow in the tap. A huge transaction would take place, then nothing. Then another one, then nothing. Price sold off on mid-day, but returned to 94.91 which is where I decided to get long. I though buyers had stepped back in but price flushed again around 3p, taking out my stop at 92.67.
The RVOL was low and the ATR was HIGH. This wasn't a normal trade for me, but I DO believe there may be an opportunity here. I'm glad I went in with small size.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-13 14:05:13 | KRTX | buy | $94.910 | long |
2020-07-13 15:06:45 | KRTX | sell | $92.670 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!