LONG INTRADAY POSITION: Pullback to the VWAP on low volume after high volume pop. Now starting to bounce. I've placed my stop at $50.65 with targets at $51.10 and $51.33. Corresponding R/Rs are 1.4 and 2.6 respectively.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-12-07 10:30:00 | LUV | buy | $50.840 | long |
2015-12-07 10:50:00 | LUV | sell | $50.650 | 0 |
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Daily looked like an exhaustion move.