ESPR Trade on Mar 18, 2015 12:36 from EliBrown: Tradervue User Stock Trades.

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EliBrown

 

I continued watching for some type of pullback to the 20 EMA for an entry. I went long 100 shares at 101.37 with a stop at 100.07. I added another 50 shares at 102.00 and moved my stop up to 101.40. I was thinking it was about to make new highs here. It started to pullback below the 9 EMA and I exited my position at 101.54. I was to early. I re-entered 50 shares at 101.92 and 50 at 102.00 after it had pulled back below the 20 EMA once more and broke above both the 9 and 20 EMA. Although this stock was on its own agenda the SPY was hitting the stratosphere at this point which probably didn't hurt the situation. I scaled out half my position at 103.40 just below the highs. I sold off another 25 at 105.33 and the remaining 25 at 106.33 when I felt it was getting over-extended. This stock doesn't know the meaning of over-extended. It ran another $3 from my exit, making highs at 109.85. The stock was giving me no reason to sell, it was only flagging where I exited so in hindsight I should have held onto the lotto shares a bit longer.


Execution detail:

Date/time Symbol Side Price Position
2015-03-18 12:36:13 ESPR buy $101.370 long
2015-03-18 12:57:41 ESPR buy $102.000 long
2015-03-18 13:09:37 ESPR sell $101.540 0
2015-03-18 13:48:10 ESPR buy $101.920 long
2015-03-18 13:51:24 ESPR buy $102.000 long
2015-03-18 13:58:45 ESPR sell $103.400 long
2015-03-18 14:08:12 ESPR sell $105.330 long
2015-03-18 14:15:12 ESPR sell $106.330 0


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