INCY Trade on Mar 18, 2013 14:23 from spencertuttle99: Tradervue User Stock Trades.

Based upon that spike and fail earlier in the day and then the stock broke a rising channel to the downside I thought I could get some continuation to the downside but was stopped out quick when it shot back up.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-03-18 14:23:05	INCY	sell	$23.010	short
2013-03-18 14:23:05	INCY	sell	$23.010	short
2013-03-18 14:31:46	INCY	buy	$23.170	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=INCY&trade=378319&end=20130417&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=INCY&trade=378319&end=20130318160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

ckz8780

2013-03-18 20:00:06

Hmmm in general remember if the stock gaps down and the first move is a powerful upward move, it's probably not a high probability short setup. It can still work, just gotta be more picky about where you enter.

kunal00

2013-03-19 09:10:03

see this stock had very little follow through after the gap down! so this stock in particuar had a lot of squeezes to the upside. remember to use your vwap if we are hanging above this stock can most likely be a long

INCY Trade on Mar 18, 2013 14:23 from spencertuttle99: Tradervue User Stock Trades.

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