OSUR was an in play stock. By the time I went to take this trade it was already EXTREMELY over extended. So I went in with a "chase" size position and used the 9EMA which was about 10 cents away as minor support. I sold my first half at the anticipation of the half dollar break. I then sold another portion where I saw previous multi-month resistance. And then the last portion I sold at the trend break with the strong volume distribution. I then switched to a short position to take some of the downside movement even though I didn't expect a huge flush due to it being the first big up day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-18 13:58:15 | OSUR | buy | $7.370 | long |
2015-05-18 13:58:17 | OSUR | buy | $7.364 | long |
2015-05-18 14:13:23 | OSUR | sell | $7.500 | long |
2015-05-18 14:18:41 | OSUR | sell | $7.550 | long |
2015-05-18 14:23:41 | OSUR | sell | $7.530 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!