SRPT Trade on May 7, 2015 10:20 from swinging_long: Tradervue User Stock Trades.

Up four days in a row so I thought I could short the retracement to the 9/20EMA on the 15min chart. What I failed to realize is that SRPT had just broken through the 20 and 50DMA the previous day which is a sign of strength. Just because a stock is up, that doesn't mean it's a short. I need to look at the entire picture. The intraday low was right on the 50 DMA; this was actually a pull back to support.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-05-07 10:20:24	SRPT	sell	$14.230	short
2015-05-07 10:25:36	SRPT	sell	$14.235	short
2015-05-07 10:26:17	SRPT	buy	$14.329	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SRPT&trade=2476170&end=20150606&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SRPT&trade=2476170&end=20150507160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SRPT&trade=2476170&end=20150507160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SRPT&trade=2476170&end=20150606&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Driver42_BOWS

2015-05-08 05:20:40

Good analysis. Go with the trend on the daily whenever possible

SRPT Trade on May 7, 2015 10:20 from swinging_long: Tradervue User Stock Trades.

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