Swing bounce off price support at $11.06. Stock had been beaten down by an analyst downgrade but the downgrade was fluff. The analyst downgraded the stock from market outperform to market perform, since it hit his $14 price target. People panicked and sold off. Buying the bounce was quite profitable. +$612.03
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-07-10 14:51:00 | SZYM | buy | $11.060 | long |
2012-07-17 11:04:00 | SZYM | sell | $12.600 | long |
2012-07-18 10:17:00 | SZYM | sell | $13.600 | 0 |
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