On my list as a gapper. It had a nice opening drive and I bought at the first pullback, stop under recent action at 75.75. I took a small position since my early morning trading had been bad. Held through most of the day and sold near 77.50 which was looking like resistance.
Stop: 75.75
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-13 10:33:40 | APC | buy | $76.420 | long |
2013-12-13 13:46:51 | APC | sell | $77.490 | 0 |
Similar to my RH trade, I like gaps that have lots of clean overnight price action. Then I include the overnight data in the moving averages.
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I cannot see the logic for buying where you did right under the 9ema and 20ema as there is a lot of resistance. The probability of success here is very low IMO.