CHRW Trade on Feb 5, 2014 10:18 from jmoscate_BOWS: Tradervue User Stock Trades.

Play: Break down of major resistance area

It was a gapper down, thought it could go since it had bad earnings. Once i saw it was stuck in a range with very very small candles (like the candles we may see once a buy out happened), i just let it go for a scratch trade.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-05 10:18:19	CHRW	sell	$53.095	short
2014-02-05 10:18:19	CHRW	sell	$53.090	short
2014-02-05 10:36:48	CHRW	buy	$53.060	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CHRW&trade=830067&end=20140307&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CHRW&trade=830067&end=20140205130148&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

LPeriman_BOWS

2014-02-05 18:43:07

I think it was a good try. On these that base out as such, I like to wait for a squeeze zone.

Gena_BOWS

2014-02-05 19:58:42

This is a strange one. Float is sorta high on this (149M, not a momo-stock), so movements may not be as big (I think?). Also I see on the daily that 53 is a strong price support area (from last July-August). Might be good to tag this for BOWS team review - would like to see what they have to say.

Markmandy54

2014-02-05 21:24:42

Looked ready to drop, nice exit.

CHRW Trade on Feb 5, 2014 10:18 from jmoscate_BOWS: Tradervue User Stock Trades.

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