Daily: earnings gap down, trend line break. 50 SMA and price support level were just below.
Intraday: 9/20 EMA & VWAP pullback (same area), bear flag
The stock broke down out of the gate on strong volume then pulled back over VWAP but was stalling. Took first entry when $28 seemed to hold as resistance. Added on the break of LOD (bear flag setup).
Target 25.5
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-11-18 10:23:35 | GPS | sell | $27.820 | short |
2016-11-18 10:56:20 | GPS | sell | $26.950 | short |
2016-11-18 12:14:47 | GPS | buy | $25.859 | short |
2016-11-18 12:42:44 | GPS | buy | $25.740 | 0 |
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