Shared by:
aceknuckles
Ticker: BA
Date: 6/11/20
Size: 10
Amount of Trades: 2
Closed P&L: $117.50
(as of 6/11/20)
RVol: 2.29
AVol: 20.96M
ATR: 13.14
Float: 563.08M
Beta: 1.48
52 Week Range: $89.00 - 391.00
Sector/Industry: Industrials/Aerospace & Defense
Price failed to break $191.91, the gap-down open for the day. Price continued to wedge downward throughout the day. Around 1:30p, price started to range with $180.11 as support and $181.65 as resistance. Price appeared to break $180.11 so I went short at $180.10. Price bounce and stopped me out at $181.500. Using the 5-min chart, trading off the 21MA or 40SMA as resistance would've been better odds of not getting stopped out. Price broke $181.65 but failed at $182.34. Reentered at $181.65. Price based for 20 minutes before flushing hard towards $169. I moved my stopped as price continued downward. $169.12 is resistance and $163.56 gap support from 1/2012. Price found buyers near this around and I stopped out $168.50.
Execution detail:
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