MDRX Trade on Oct 1, 2012 09:44 from kumarBOWS: Tradervue User Stock Trades.

Looks like a definite scalp play (need to cut these out).

Hindsight:

Gap up play. The low risk trade here is to short on the lower high and ride it out

Lower high:

Indicates that the stock is failing to break out and make a new high of days. After a big run up, this is a sign that the stock is losing it's momentum and is starting to make it's way down. By shorting on the lower high and setting your stop at the high of day, this makes it a good risk-reward play. Think about what happens when you bounce a ball.. same idea here.

Execution detail:

Date/time	Symbol	Side	Price	Position
2012-10-01 09:44:00	MDRX	sell	$13.020	short
2012-10-01 09:53:00	MDRX	buy	$12.920	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MDRX&trade=324459&end=20121031&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MDRX&trade=324459&end=20121001160000&i=m10&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MDRX&trade=324459&end=20121001121800&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=MDRX&trade=324459&end=20121001104900&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

MDRX Trade on Oct 1, 2012 09:44 from kumarBOWS: Tradervue User Stock Trades.

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