Pulled straight down below the 20 dma at the open and then bounced up above. Took a tiny position when it broke above teh VWAP but it still needed to clear a $79.10 resistance area on the daily. It broke above that about 20 mins later. i was looking for $80 which it hit for a second but I missed the sell. Since I only had 50 shares a decided to hang on for another shot. It consolidated up against $79.60 for the next 2 hours only to break down in the end instead of break out. Out with about 20% of what I should have made.
R/R 2/1
.32R
.11%
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-05 11:34:31 | GILD | buy | $79.070 | long |
2014-02-05 14:13:46 | GILD | sell | $79.250 | 0 |
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