I wish I had been watching this stock at the open as this actually was an ORB that I could have taken. It began to form a base and had a huge breakout shortly after. A long could have also been taken as it pulled back to the 9 EMA, consolidated, and broke out again making new highs. I was a bit late with going long later in the day as it began to flag. There wasn't a whole lot of juice left in the stock but entered at 68.08 with 100 shares and a stop-loss at 67.60. My risk was relatively low on this trade. I sold half my shares on the first spike up to 69. I held onto the other half with hopes of the stock breaking above 69 but it made a lower high and broke below the 9 EMA and I sold off the rest of my shares at 68.20.
Execution detail:
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