I saw $ONTY when I ran my gapper scan, I saw that it had been holding the 9ema all day and had tested 1.84 twice already so I got in anticipating the break of highs. This turned out to be a great trade. I called it out in chat and zoomed out to the daily chart to find the first level of resistance. I saw that 2 dollars formed an area of resistance and so when it couldn't quite reach 2.00 that was my signal to sell.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-14 11:53:05 | ONTY | buy | $1.820 | long |
2015-05-14 12:31:15 | ONTY | sell | $1.970 | 0 |
Hey Tee, I use Maribeths finviz scan: http://finviz.com/screener.ashx?v=351&f=sh_avgvol_o500%2csh_relvol_o2%2cta_change_u&ft=4&o=-change
And also a '50 dma bounce' scan that I am working on building myself:
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Nice sell. You got the top tick on that sell too. What are you using for scans?