I have played this to the short side a few times in the last week. On Monday it dropped through the 200 ma but then it regained the 200ma so I left it alone for a bit.
Today it seemed to suffer with the market and I shorted it again on a flat bottom breakdown.
Unfortunately I placed my stop a little too close and got stopped out.
It didn't go anywhere for quite a while after that so no big deal.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-09 10:48:59 | DAL | sell | $42.800 | short |
2015-04-09 11:28:26 | DAL | buy | $42.930 | short |
2015-04-09 11:28:26 | DAL | buy | $42.930 | 0 |
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