Intraday short breakdown. I was hoping this would gap fill down to $28 (20dma) but it didn't seem to have the gusto today. Originally it was on my long list as a flag so it's actually probably pretty strong overall. I cut it just about flat ($2 profit) when it started to look squeezy. though it did work later on, it wasn't really worth the risk of getting stuck in a squeeze. Good play overall.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-01-14 11:27:01 | TEX | sell | $28.790 | short |
2013-01-14 13:15:00 | TEX | buy | $28.770 | 0 |
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