Trying for an ORB here. Strong open, gapped up, lots of volume. No go. Stop was too loose, but the tiny volume on the pullback made me think the dip would get bought. Sold as it broke price support and the 9EMA.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-28 10:03:25 | SIMO | buy | $16.920 | long |
2014-01-28 10:54:22 | SIMO | sell | $16.620 | 0 |
As always be wary of gap up days and high flag like this.
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I also was watching this one, looked a little extended at that point, already up a dollar, and really needed to come in and test those averages before going further....