299.83M float/2.80% short float/92.50% institutional.
Takeover rumor + gapping into ATH resistance at 50$. Large seller prmkt seen at 47.50$, support at 46$.
Don't really know, what to expect from this. ATH is really old, but 50$ is a huge level. No names in the press release + seller is screaming SHORT ME!, but technical players will buy into it for sure. I'll watch it trade and probably buy the 47.50$ crack.
Stop: 47.80$ for all trades.
R: -1 all trades
47$ was a really strange level on the tape. $ALTR showed strengh premarket, although there was a seller at 47.50$. On the open, a hidden buyer was at 47$ for almost a minute, I joined, he dropped, but stock was bought quickly. I tried to buy the 47$ remount another two times, but no success. Ramp came into the close.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-18 09:33:18 | ALTR | buy | $46.950 | long |
2015-05-18 09:33:59 | ALTR | sell | $46.710 | 0 |
2015-05-18 09:40:26 | ALTR | buy | $47.020 | long |
2015-05-18 09:43:11 | ALTR | sell | $46.830 | 0 |
2015-05-18 10:11:21 | ALTR | buy | $47.010 | long |
2015-05-18 10:14:01 | ALTR | sell | $46.890 | 0 |
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