BBBY Trade on Jan 10, 2019 09:43 from math_psycho: Tradervue User Stock Trades.

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math_psycho

 

TICKER: BBBY
BIAS: LONG
SUPP: 12-12.30, 12.70, 13
RES: 14-14.5-14.8
GAP%: 10
AVGV: 8.4M
ATR: 1.71
FS% 14.26

NEWS: Investors have bid up BBBY following the company's earnings report, but bearish-leaning analysts at Wells Fargo and KeyBanc are still chipping away at the retailer for the underwhelming comparable sales growth (-1.8% vs. -0.3% consensus).

TRADING PLAN: Look for a test of support levels early around 12.30, 12.70 and buy if holding for 10-15 minutes. Target would be a test of 14-14.30. A further move up into the 15 area could be an interesting short opportunity today.
NOTES: The stock gapped up and then sold off premarket and into the early morning session. It found support around 12.7-13 and then buyers stepped in to take it all the way up to resistance levels at 14-14.30. I managed to get in at $12.81 as the stock started showing support and scaled some out around $13.34 when some selling appeared on the tape. Held up to resistance at $13.88.


Execution detail:

Date/time Symbol Side Price Position
2019-01-10 09:43:36 BBBY buy $12.810 long
2019-01-10 10:45:41 BBBY sell $13.340 long
2019-01-10 11:17:43 BBBY sell $13.880 0


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