Gambling sector has seen a lot of momentum. This stock pulled back to the 50DMA which was the same level as a previous low, looked good for a bounce.
Red to Green entry for intraday, but it had already been green, flushed out and was attempting green again. Is this setup still valid in this scenario.
Stop could have been tighter.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-23 09:47:16 | PENN | buy | $63.690 | long |
2020-10-23 09:52:30 | PENN | sell | $62.950 | long |
2020-10-23 09:52:30 | PENN | sell | $62.950 | 0 |
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