Decided to get into this one early. Unfortunately there was no bounce off the 50ma, instead the price just went on up before flagging and continuing higher.
Stopped out
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-19 13:28:00 | CRMD | sell | $7.950 | short |
2015-03-19 14:19:00 | CRMD | buy | $8.040 | 0 |
It was on my watch for a bull flag, but after it broke the flag to the downside with greater than average volume I shorted it
Just because something is not along does not make a short
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Look at the daily chart. No reason to be looking for a short entry intraday.