intraday sympathy play.
Stop: 54.10$
R: 4
$SWHC and $RGR popped up on the scanner, strong for the day. Both "defense" names,both similar intraday patterns but $RGR was the weaker one. As soon as $SWHC flushed, I leaned on the offer just below the recent breakout price.
I scaled out quickly because support loomed everywhere. Nice little windfall.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-15 10:54:19 | RGR | sell | $53.990 | short |
2015-04-15 10:58:43 | RGR | buy | $53.734 | short |
2015-04-15 11:00:56 | RGR | buy | $53.530 | short |
2015-04-15 11:12:01 | RGR | buy | $53.270 | short |
2015-04-15 11:15:22 | RGR | buy | $53.490 | 0 |
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Nice trade