I liked this stock because it was recently in play and looked like it could have a nice bounce if it broke over the last daily candle's high which it did. I got long because on the 1 min chart, it was flagging with the MAs and VWAP right under it so I would have a clear place to put my stop. I added half my position when this looked like it was about ready to pop, and then the other half when it broke HOD.
I got filled on my first target for half the position, but I honestly thought this might have a chance to get in the $2.90s and maybe even hit $3.00. The spread was a little wide, like $0.06 at some points and when this was hitting my entry price, I had to get out the rest for a small loss on the remaining number of shares. Overall on this trade, it was a small gain so I'm happy.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-06-22 09:43:14 | ZN | buy | $2.710 | long |
2017-06-22 09:47:52 | ZN | buy | $2.740 | long |
2017-06-22 09:49:54 | ZN | sell | $2.820 | long |
2017-06-22 09:50:35 | ZN | sell | $2.710 | 0 |
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