Play: Flat top break out
Stock squeezed in the morning, many ppl were short because of the news the previous day but it kept grinding higher, making higher lows without truly breaking out. It tried to break out one but was too extended so it pb and I thought it might die but it held and kept grinding and consolidating under the highs. When volume came in, I got in for the break out, expecting a decent move. Took some off in that spike and retraced and never went. It was a choppy stock so I just tried to get out what I could.
Reasons to sell:spike, buy price
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-04 11:37:10 | OREX | buy | $8.750 | long |
2015-03-04 11:38:27 | OREX | sell | $8.850 | long |
2015-03-04 11:40:03 | OREX | sell | $8.735 | 0 |
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