The stock ran up 4 points, and looked parabolic. SPY also fell around the same time, and hence decided to enter short as it looked to be running out of steam and as it got under the MAs.
Didn't play out as I thought it would. Got stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-19 13:34:30 | CI | sell | $80.470 | short |
2014-03-19 13:56:21 | CI | buy | $80.670 | 0 |
OK.. it looked like resistance to me as it failed to go past it.. but thanks, Nape!
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Price support on daily..http://screencast.com/t/TJFrgi6hZ.. Makes it a tough short.