Szaman has the call on this stock. Look for range break on OWW with 20 MA underneath, stock was flagging on the 5 min chart and entered on 10.03. Then, stock closed @ 9.97 yesterday and tank at market open today. Triggering my stop and it flushes.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-08-26 10:06:32 | OWW | buy | $10.030 | long |
2013-08-27 09:30:25 | OWW | sell | $9.760 | 0 |
Ture, the stock has never fell below 50MA since the uptrend starts, maybe should look for a good entry near the 50MA
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setup was not that strong for it to hold the 20sma imo. need to consolidate a bit long for the next leg up. might even go for the gap fill.