Play: ORB
Stock had earnings, gapped up nice, had some resistance at 3.5 on the daily but the way the dip got bought showed clear strength. It was too extended to get in right away so was patient for it to consolidate and make higher lows and to see if 3.4 would hold. When it did and volume came in, I went long for the break of 3.5. It failed to break out and stopped out. Not a bad trade in my books as the set up is there (just not clean) but it was strong and had good potential.
Reasons to sell: stopped out
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-17 09:49:20 | ARTX | buy | $3.500 | long |
2015-03-17 09:54:08 | ARTX | sell | $3.390 | 0 |
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