Intraday flag break w/ volume spike through daily highs. $2.45 was the high from way back in October. I entered on the big volume spike between 12pm and 1pm with a 5-10c stop and doubled up when the volume poured in under highs around 1pm. With how the huge offer at $2.45 got eaten I really thought this was going to go, but when it did not immediately take off I decided to bail flat. My gut was right as it faded hard into the close. Maybe next time!
2000 shares
Flat trade
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-09 12:22:27 | AMRN | buy | $2.380 | long |
2014-01-09 12:59:27 | AMRN | buy | $2.420 | long |
2014-01-09 13:12:28 | AMRN | sell | $2.400 | 0 |
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Nice scalp