Stock was running up the 9ema and broke above the flag pattern on the daily. Entered this when it was fairly close to the 9ema with a stop just under at $18.52. The stock started to consolidate with a flat top breakout pattern with the 9ema rising as support. Once it broke the flat top I added 200 more shares. Sold it once it leveled out around lunch.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-05 11:27:41 | CMGE | buy | $18.840 | long |
2014-05-05 11:51:26 | CMGE | buy | $19.090 | long |
2014-05-05 12:15:19 | CMGE | sell | $19.240 | long |
2014-05-05 12:31:43 | CMGE | sell | $19.120 | 0 |
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Bull flag. Jump back in...http://screencast.com/t/qOql8BL0Rk