Intraday flag breakout on a momo stock with a strong daily. At my buy point there was a nice 60k share volume spike but it failed to take off. I didn't want to cut it too soon as this stock can be wicky in both directions so I gave it a little extra room. Looks like it is just still in consolidation mode on the daily and wasn't ready for another breakout yet.
300 shares
-$88.29 (-0.85%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-07-18 11:50:37 | YY | buy | $35.620 | long |
2013-07-18 13:03:49 | YY | sell | $35.326 | 0 |
Hmmm it did that back in may too actually. big green candle, big red candle, then just sort of drifted back to the top of the green candle. Good observation. I definitely didn't consider that.
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I dunno...something about the huge Green candle, followed by the huge Red canlde on the daily make me wary about this one...and its already extended imo...might rip again, but just seems high risk for dump. anyway, wise exit right before lil flush there