I got a bit overly aggressive on this one. I am lucky I didn't lose my shirt and exited where I did. I scaled in 250 shares at 8.61, 250 at 867, 500 at 8.68, and 500 at 8.72. My first stop was at 8.42 but I continued to trail it upwards as the EMAs were holding. My final stop before the breakout was at 8.53. The stock was hitting some major resistance from yesterday's rally and began flagging for most of the day. As the resistance broke I sold 300 shares at 8.87. After such a long a flag I was looking for a stronger pop then what occurred. I felt the stock was loosing steam and began scaling out 300 more at 8.87 and 300 at 8.96. As soon as it couldn't break the $9.00 level after the second pop I sold off the remaining 600 shares at 8.87 and the stock took a nose dive right after.
Execution detail:
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