Yesterday this stock made a shooting star on the daily + had very overbought conditions + was completely outside of Bollinger Band. This stock was an ideal candidate for a short today but it didn't have the follow through that I had hoped. The ideal short would have been when it made a lower high and cracked 115.00, breaking its upward trend and the EMAs. However, this wasn't an easy trader in my opinion today. I should have just left it alone. My thinking here was after it had bounced and broke above the VWAP it started making lower highs and grinding into the VWAP on the 1 minute. I was anticipating a flush if it could break the VWAP. I shorted 100 shares at 113.07 and 112.93 with a stop at 113.68. It broke the VWAP but had no follow through. I covered up my shares at 112.64 once it made a higher low.
Execution detail:
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