Intraday range breakout that failed. I chased this one - should have entered at the break of $35.90 so I could have given it more room to the downside. It was far from the MA and hadn't retested it so I thought it might need to do that but also thought maybe it could run off sympathy from HLF which was very strong. It failed to break above $36.10 so I cut it for an $81.00 loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-12-28 10:25:23 | NUS | buy | $36.070 | long |
2012-12-28 10:42:11 | NUS | sell | $35.800 | 0 |
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i had some friends playing this one in sympathy for the HLF as well. This one was a harder setup though. Good exit though, at least you kept your stop ;)