Shared by
RobEsposito20
Float - 47M, FS% - 2.35%, ATR - .59, AVOL - 303K, RVOL - 85.99
ARDX was in play with news on positive phase III results. After initially selling off below 8 the key level it formed a wedge pattern over VWAP right under 8. Good job building into the position but I need to be buying at the bottom of the wedge not the top of the wedge. There was a big battle on the tape at 8. I bought more when 8 lifted and sold into the first and 2nd up moves. Overall, good exit. Entries need to be better with the majority purchased on the breakout. I also was a second slow I saw re watching the tape the offer decrement at 8 which was the time to really get big. The stock bounced to 8.15 then came to 8 and held.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-10-12 10:04:32 | ARDX | buy | $8.050 | long |
| 2017-10-12 10:06:06 | ARDX | buy | $8.000 | long |
| 2017-10-12 10:10:15 | ARDX | buy | $7.950 | long |
| 2017-10-12 10:11:47 | ARDX | buy | $8.050 | long |
| 2017-10-12 10:13:17 | ARDX | sell | $8.400 | long |
| 2017-10-12 10:13:27 | ARDX | sell | $8.350 | long |
| 2017-10-12 10:16:07 | ARDX | sell | $8.550 | 0 |
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