CVS Trade on Nov 6, 2020 09:54 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

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.

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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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