This was a stock that I had on my watchlist because on may,25th,2015 the stock had gapped up over its resistance level on the daily chart on high relative volume. I was trying to play this for a swing trade so the intraday time frame that I viewed this in was the 10day,30min chart. The stock ran up at $33 to $35 then experience a accumulation period that was on light volume. Then it had gapped up again form $34 to around $35.50 and pullback and formed a flag. I brought this stock at $35.08 right above the resistance/breakout spot because I believed it was going higher. The stock did not go higher and I sold the stock at $34.27. I believed this stock tanked because the S&P500 was down big today.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-26 06:31:00 | HPQ | buy | $34.420 | long |
2015-05-26 06:38:08 | HPQ | sell | $34.290 | 0 |
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Not really a day trading stock.