FIT Trade on Jan 30, 2017 09:30 from RobEsposito20: Tradervue User Stock Trades.

FIT first attempted short. Shorted too far from the level.

FIT changing fundamentals short against PM high. FIT reported horrible earnings and layoffs and gapped lower in the Pre Market.

Fitbit (FIT) took a 12% loss. CNBC cited tech news site The Information, which reported the company planned to announce a 5% to 10% workforce reduction as well and to guide fourth-quarter results below analyst expectations in an announcement later today.  Fitbit shares have declined 86% from their August 2015 high.

6.60 - 6.75 area was resistance in the pre market and 6.00 was support. I shorted 6.58. I covered some above 6.28 due to seller lifting at 6.28. There was a clear seller at 6.28 and clear buyer at 6.20. I tried to short more below 6.20 with stop 6.21 and end up covering. The seller stepped down to 6.25 and for above 17 minutes from 8:01 to 8:18 I could clearly see the fight. Once we got above 6.25 I close the trade.

Stock Volume Vol Avg RVOL Gap% Change% ATR FS% Price
FIT 14,652,718 12,140,800 120 -12.48 -0.21 0.26 42.72 6.30