Multiple taps and a tight consolidation under $70.50 gave a decent entry for this to squeeze a little. I was looking at it as a 1.29:1 trade with a target of $71 and stop at $70.19, but I hit my profit target for the day about halfway through so I just took the gain. It was tricky to trade longs today anyway and this was not an A setup.
300 shares
+$61.38 (0.30%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-08 15:21:49 | CREE | buy | $70.508 | long |
2013-10-08 15:21:50 | CREE | buy | $70.508 | long |
2013-10-08 15:26:59 | CREE | sell | $70.712 | 0 |
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Nice late day pop