It was very extended on the daily chart, so it looked like it was due for a pullback. The base appeared to be breaking and it was falling below the VWAP. I shorted it when Kunal called it out. In hindsight, the market was too bullish so it decreased the possibility of this play working out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-24 13:23:18 | CLDX | sell | $33.365 | short |
2013-09-24 13:23:18 | CLDX | sell | $33.365 | short |
2013-09-24 13:25:23 | CLDX | sell | $33.449 | short |
2013-09-24 13:28:15 | CLDX | buy | $33.630 | short |
2013-09-24 13:28:15 | CLDX | buy | $33.600 | short |
2013-09-24 13:28:16 | CLDX | buy | $33.630 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!