At the time looked like orderly P/B to rising 20EMA. Long off bounce but rolled right over for small loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-06 10:47:40 | AGN | buy | $117.070 | long |
2014-02-06 10:48:15 | AGN | buy | $117.060 | long |
2014-02-06 10:57:06 | AGN | sell | $116.710 | 0 |
agree with nape. It seems to go along a trend line and never broke it with conviction or at least moving sideways to find a base.
In general I find that if a stock retraces the entire morning move it is more likely to crack lows and fade all day than to bounce. There are only a couple exceptions and they are the huge 100%+ gappers that have like 100x normal volume and are just retracing the whole move because the spreads are so crazy
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It never flatten out along with the ema's. Once that would have happen you would have had better confirmation.