Pre-MArket Gap up over 3%....Used the PR and Earnings setup....noticed stock have been up for three days already this being the fourth..also today made the stochastics to go up to 98....
Stock ran into price resistance at 4.36 on the Daily chart and plus the 200 EMA was close...made my entry when the 9 emas was penetrated....exited when the trend started to show signs of reversal..should have just played out the whole set up by waiting for the second spike to show me signs of weakness...Looked good on my 30 min. charts..
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-23 09:46:56 | XOMA | sell | $4.190 | short |
2015-02-23 10:38:38 | XOMA | buy | $4.150 | 0 |
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