Shared by
tomr_BOWS
Daily: Rubberband short
Intraday: Flat-bottom b/d
Gain: +$140 (+1.2%)
Shares: 200
Stop: $56.35
Was stalking stock for sign of weakness after mid-day consolidation period. Took short position when it had cleared 9EMA and 20EMA and moved below $56.15 support level. Scaled out when it hit price target and when it got extended. Didn't have enough shares to cover near the LOD.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-03-05 13:05:10 | RAI | sell | $56.160 | short |
| 2014-03-05 13:40:46 | RAI | buy | $55.800 | short |
| 2014-03-05 14:31:32 | RAI | buy | $55.340 | short |
| 2014-03-05 14:46:20 | RAI | buy | $54.900 | 0 |
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