I am an RSI reversion to mean trader. I usually day trade. So for this one I simply saw a gap up. The news was simply revenue increase (earnings report), nothing to justify such a pop in this stock, especially given current market conditions. The morning RSI showed it was RIPE for a short so I pulled the trigger. Worked out very well!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-07-14 09:56:52 | FRC | sell | $152.010 | short |
2022-07-14 12:49:43 | FRC | buy | $150.260 | 0 |
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