Shared by
Cklamb
SWBI
Intraday Fundamentals
• Doubled earnings estimates and beat revenue handly
Technicals
ADV 3.41m RVOL 1.91 ATR 1.68 BETA .91 Short 7% Inst Own 64.20
Daily Chart
Hourly Chart
Intra Chart
Trading Strategy
Reading the Tape
Trade Management
Trade Notes
This broke the PM high right out of the gate and gave the pull back. It moved back above the early SMA and VWAP. I held for the second close above and decided to take this one at the SMA and not VWAP and got filled pretty quick. I was risking .59 filling at .76. This means I needed to hold another 5 cents on the partial. I stayed patient on the remainder following tight structure giving me 20 cents on the trade after risking 17. This was a solid trade and I may have been getting a little greedy not expecting some profit taking as I watched it stall under 19.50.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-04 09:33:39 | SWBI | buy | $19.760 | long |
| 2020-09-04 09:34:07 | SWBI | sell | $19.868 | long |
| 2020-09-04 09:37:09 | SWBI | sell | $20.130 | 0 |
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