LONG SWING POSITION: Uptrending stock last two months, second pullback. Looking for it to pull back to either the 20SMA or 50SMA. Was able to day trade for a few minutes today and saw the day's downtrend was over, so I got in at $35.18. I've placed my stop at $34.75, with targets at $35.61, $36.20 and $37.34. Corresponding R/Rs are 1.0, 2.4 and 5.0 respectively.
7/28/2015: Dropped on open and hit stop, all out. Will look for bounce off 50SMA next.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-07-27 15:45:00 | NEWR | buy | $35.180 | long |
2015-07-28 09:51:00 | NEWR | sell | $34.750 | 0 |
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