This was a gap up due to the news. I tried to buy the ORB breakout but it did not work. The overall mkt was weak and this stock did not follow through. Also, the daily alignment was not the best of patterns as it was close to a resistance point on the daily.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-02-09 09:45:36 | CERS | buy | $6.350 | long |
2016-02-09 09:55:59 | CERS | sell | $6.230 | 0 |
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looks like a chase....you have to enter a long in a consolidation not a run up