2R
ENTRY: stock price had caught up with the 9EMA and was also touching the 20SMA intraday and I shorted.
Stop was a very tight one above the few previous candles, but I figured it should break down right away, which it did.
Target was around the round number $10. I didn't think the price would actually break $10 or reach the LOD.
2R target: $10.10
EXIT: the price was nearing $10 and I sold. The stock was down so much today and there was support level around $10 and it was a round number. I didn't think it would go lower.
Roadrunner Transportation Systems Inc RRTS shares fell after the company lowered its forecast for the third quarter.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-27 11:17:53 | RRTS | sell | $10.490 | short |
2015-10-27 11:31:11 | RRTS | buy | $10.100 | short |
2015-10-27 11:34:43 | RRTS | buy | $10.100 | 0 |
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