Intraday Fundamentals
• Opening at ATH after JPM upgrade and target raise
Technicals
ADV 4.5 m RVOL 1.08 ATR 2.60 BETA .79 Short 2.75% Inst Own 85.1%
Daily Chart
Hourly Chart
Intra Chart
Trading Strategy
I did not set any pre-market plans on this one leaving me just VWAP tests and SMA plays to work with
Reading the Tape
I do not remember a tape read adding to any of the setups that I took on this.
This had given the criteria to take a tight risk the SMA looking for a break of VWAP. I had the recent local low at 133.47 and decided to take a full 20 cents on this stopping at 133.43. This would almost wick me out immediately. However, it held at .45 and started moving higher giving me a great setup to follow all the way into 134. I would take the first 12 off a little early. I did also tri to add at 134 looking for the break as well. A real solid trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-12 11:30:07 | TGT | buy | $133.630 | long |
2020-08-12 11:37:38 | TGT | sell | $133.795 | long |
2020-08-12 11:47:49 | TGT | sell | $133.930 | long |
2020-08-12 11:59:33 | TGT | buy | $134.000 | long |
2020-08-12 12:10:40 | TGT | sell | $134.000 | 0 |
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