Daily breakout at $18. This looked really good on the 15 min chart but intraday it was quite extended. I couldn't really justify buying this at $17.80 since there was no volume, yet the chase even at $18 seemed ok given the huge volume spike. It did try to work and then flopped so I got out for a small 9c loss. I think after 2 big up days on the daily and being so extended going into the breakout on the 5 min this one just needed a better setup. If it had consolidated under $18 for an hour or so it would have been hot!
1000 shares
-$94.90 (-0.50%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-14 12:03:57 | RKUS | buy | $17.995 | long |
2013-10-14 12:24:24 | RKUS | sell | $17.900 | 0 |
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