AMGN reported better than expected earnings and guidance was also fine, however, the stock was so extended that a pull back felt right. My plan was to keep an eye on the 172.00-172.50 area for a potential support. however, it went right through it and it finally seem to have made an intraday bottom at 167. I saw the 2 min chart and it seemed it was consolidating above the shortest sma, so I tried long, it traded back so I sold it.
I tried again with a much bigger stop and it worked, however, I sold too early, my real sell should have been around that area but once it failed 3 times at 169.20 instead of the first up move.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-22 10:20:15 | AMGN | buy | $167.970 | long |
2015-04-22 10:24:04 | AMGN | sell | $167.890 | 0 |
2015-04-22 10:28:38 | AMGN | buy | $167.750 | long |
2015-04-22 10:48:40 | AMGN | sell | $168.430 | 0 |
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