SGEN Trade on Oct 21, 2013 11:19 from ckz8780: Tradervue User Stock Trades.

Continuation short attempt. There was a nice daily breakdown area at $39.91 which had no other support below until $39.50, and then low $37s so I thought this could continue on down since the market was pegged. The 15 min chart shows a cleaner entry than the 5 min as this was really a 2-day continuation pattern. Anyway, it immediately reversed but didn't violate my stop so I gave it a chance to consolidate and work, but when it broke that consol to the upside (seen on the five min chart) I bailed. This type of action seemed to be everywhere today. Oh well, not a bad loss as the setup was decent and it just didn't work.

500 shares
-$94.76 (-0.48%)