After gapping down at the open, the stock bounced back to the 9 and 20 EMA, but failed to get above. The stock consolidated and tapped the $15.00 mark a couple of times. I was looking for it to breakdown, but it just never really happened, so I bailed at the end of the day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-17 12:31:03 | MGI | sell | $15.050 | short |
2014-04-17 15:44:47 | MGI | buy | $14.960 | 0 |
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I was thinking that $15 crack would flush it as well, just didn't have enough sellers.