Momentum stock running up in the morning and then started showing some weakness. I have shorted the stock on the flag breakdown once it started breaking 20EMA, covered some into the flush and covered rest once it could not break the 9EMA support on the 30 min chart.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-19 12:23:32 | EBIX | sell | $16.280 | short |
2014-02-19 12:23:32 | EBIX | sell | $16.280 | short |
2014-02-19 12:23:32 | EBIX | sell | $16.280 | short |
2014-02-19 12:23:32 | EBIX | sell | $16.270 | short |
2014-02-19 12:23:43 | EBIX | sell | $16.288 | short |
2014-02-19 12:26:05 | EBIX | buy | $16.120 | short |
2014-02-19 12:37:20 | EBIX | buy | $16.040 | short |
2014-02-19 12:37:52 | EBIX | buy | $16.035 | short |
2014-02-19 12:44:39 | EBIX | buy | $16.000 | 0 |
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Excellent short play!