Range breakout at $16.25. Since the stock had put in a solid base above yesterday's high and it was very low risk I decided to anticipate this one and turn it into a swing play. Long 400 from $16.18. At the close of day 1 I was up $100ish. First target is $16.65 and second $17.40. We shall see over the next couple days if it gets there.
Update 8/4/12: Trade was executed as planned. The $17.40 target was a little high but still a good trade overall. It needed one more day to hit my second target but I took $225+ on the trade anyway.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-07-30 12:51:47 | KRO | buy | $16.178 | long |
2012-07-31 10:07:11 | KRO | sell | $16.550 | long |
2012-07-31 10:50:56 | KRO | sell | $16.840 | long |
2012-07-31 11:57:33 | KRO | sell | $17.040 | 0 |
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