The stock was parabolic, but in retrospect I was a day too early to short it. The stock was not completely outside the upper bollinger band, and today was the 2nd day continuation play.
Tomorrow, I'd be looking to short on weakness. Perhaps a green to red move will be the trigger.
As for today, I was early on the entry. I saw a few attempts for it to push through $40.25 and fail, so that's why I entered where I did. I exited flat as the stock broke back above the 9 and 20 ema and began to round up.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-02 09:56:02 | PRSC | sell | $40.030 | short |
2014-04-02 12:04:00 | PRSC | buy | $40.120 | 0 |
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