Attempted intraday flag/range break. Stock had daily resistance at $5.20 and was trying to gap fill but was already up quite a bit and holding over the 200dma so without market strength it was difficult for it to go any further. Added at $5.22 then doubled when it started to hold and raised my stop to $5.17. 1200 shares ended up selling almost flat at $5.21 for a $12 loss. Good trade, just didn't have the gogo juice today!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-11-21 15:10:15 | EXEL | buy | $5.220 | long |
2012-11-21 15:33:54 | EXEL | buy | $5.220 | long |
2012-11-21 15:58:39 | EXEL | sell | $5.210 | 0 |
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