Shared by
jfri
Morning momentum and basing near highs around MA10 on 5min. Bought breakout and sold when it cracked below MA10 on 5min.
Stock actually started losing momentum on daily chart. Intraday pattern is not the best. It's too short, not tight enough and volume is still too big. Not much follow through from this breakout should be expected. Probably should have sold half into breakout above 27, but anyway well executed.
Shares traded: 600
Closed P&L: $36.06
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-04-16 11:35:01 | SBGI | buy | $26.860 | long |
| 2013-04-16 12:13:49 | SBGI | sell | $26.980 | long |
| 2013-04-16 12:13:49 | SBGI | sell | $26.980 | 0 |
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