Intraday 20sma short rejection. SPR had cracked lows already and had a weak bounce back up to the 5 min 20sma. I shorted when it showed weakness below $16.50 (round number) with a stop above the previous break spot ($16.71). I actually expected a flush to $15.86 and then a bounce, but it plummetted straight through $15.86. Covered because I couldn't argue with the money, but I definitely should have taken a bit more risk on this one (300-400 shares) and covered half/half so I could have really hammered this trade. Made $55.01
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-10-25 11:52:31 | SPR | sell | $16.480 | short |
2012-10-25 12:16:17 | SPR | buy | $15.930 | 0 |
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