Shipping stock, in the same space with DRYS, TOPS, SHIP, DCIX, 5M+ float
I was also watching TOPS and SHIP but they were running explosively out of the gate and forming huge candles with long wicks. This stock's opening range was much smaller so I thought there might be room left for a breakout.
Intraday: ORB
Entered when it broke back above VWAP after slightly dipping under.
Scaled out quickly because of high volatility. Got out when it dropped under 5 and many other shipping stocks already flushed.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-11-15 10:00:14 | ESEA | buy | $3.150 | long |
2016-11-15 10:11:20 | ESEA | sell | $4.166 | long |
2016-11-15 10:19:40 | ESEA | sell | $5.440 | long |
2016-11-15 10:23:03 | ESEA | sell | $4.900 | 0 |
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