CVS
Intraday Fundamentals
• EPS beat, Raised guidance
• Named new CEO
Technical Stats
ADV 7.7M RVOL 1.29 ATR 1.53 BETA .67 Short 1.5% Inst Own 78.9%
Daily
Hourly
Intra
Trading Strategy
• Long around 62 holding until 63.50
Reading the Tape
There was not much reading the tape on this grind.
Trade Management
Trade Notes
I started this as a PM High resitance play. I should have been out when that plan failed.
I held through a quick spike and added a bit on the tape which would have let me out of the trade at a little better than break even when it retested my level before moving higher. So. I initially I feel like I set myself up well to trade this back into VWAP. I think these adds changed the mindset into on HoD play and I may need to add. This meant that i would be willing to add for a bit. However, this did not set up on the five minute to even think about doing that. So, I needed to be out when this it made a new HoD. This would have made this a tolerable loss on a PM high play that I could have been proud of.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-06 09:54:39 | CVS | sell | $64.390 | short |
2020-11-06 09:55:41 | CVS | sell | $64.430 | short |
2020-11-06 09:58:12 | CVS | sell | $64.680 | short |
2020-11-06 09:59:25 | CVS | sell | $64.790 | short |
2020-11-06 10:03:36 | CVS | buy | $64.550 | short |
2020-11-06 10:08:32 | CVS | buy | $64.460 | short |
2020-11-06 10:31:11 | CVS | sell | $64.910 | short |
2020-11-06 10:36:03 | CVS | sell | $64.971 | short |
2020-11-06 10:40:52 | CVS | sell | $65.040 | short |
2020-11-06 10:43:13 | CVS | sell | $65.185 | short |
2020-11-06 10:45:20 | CVS | sell | $65.230 | short |
2020-11-06 10:46:40 | CVS | sell | $65.245 | short |
2020-11-06 10:50:50 | CVS | sell | $65.330 | short |
2020-11-06 10:59:15 | CVS | buy | $65.079 | short |
2020-11-06 11:00:05 | CVS | buy | $64.997 | short |
2020-11-06 11:06:17 | CVS | sell | $65.460 | short |
2020-11-06 11:10:18 | CVS | sell | $65.570 | short |
2020-11-06 11:12:53 | CVS | sell | $65.740 | short |
2020-11-06 11:23:51 | CVS | buy | $65.865 | 0 |
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