Stock gapped up PM but then faded all morning. It found a low and made a bounce. I waited for it to bull flag on top of the MAs with the 9 crossing up above the 20 before buying. Looking for the VWAP as first target. It farted around for and hour in a few cent range before breaking down and stopping me out. No volume or conviction. Probably didn't help that there was an hour left in the Christmas Eve session.
R/R 2/1
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-24 11:44:03 | SUPN | buy | $8.400 | long |
2013-12-24 12:44:05 | SUPN | sell | $8.340 | 0 |
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