Gapper down but into support. Took ORB but small position. Stop -.75, Target +1.50. Got hit on bounce.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-25 09:39:22 | GIII | sell | $68.600 | short |
2014-03-25 09:43:51 | GIII | buy | $69.270 | 0 |
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I passed on this one as it gapped down just above the 100ma on the daily and if it got through that there was big resistance just below at the previous breakout point on Feb 25th. Probability of success on the trade was not great I feel.