ALGN Trade on Dec 9, 2013 13:05 from Brutto_BOWS: Tradervue User Stock Trades.

Bought on the break of a bull flag after braking a major resistance area on the daily. A pop may have resulted in a gap fill. A better buy price was at $55.95. Ran to $56.17 then faded. Let it go through the 9ema to try the 20 but it failed there as well.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-12-09 13:05:07	ALGN	buy	$56.060	long
2013-12-09 13:53:51	ALGN	sell	$55.880	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ALGN&trade=741128&end=20140108&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ALGN&trade=741128&end=20131209160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Sayed

2013-12-09 19:05:36

I wud have passed this trade. To fill that gap u need some type of catalyst. Always be careful with stocks that had a gap down in daily chart.

Brutto_BOWS

2013-12-09 20:03:36

Thanks for the advice. What would be a good catalyst? Earnings?

Sayed

2013-12-09 20:04:29

news/earning

ALGN Trade on Dec 9, 2013 13:05 from Brutto_BOWS: Tradervue User Stock Trades.

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