Stock made a nice run with the rest of the biotech's. After the stock broke below the EMAs and back above 59.80 resistance I entered 300 shares at 59.85 and placed a stop at 59.60. I learned my lesson in SCO and scaled out 100 shares on the first pop at 60.35. I scaled out another 100 shares at 60.53 and 50 shares at 60.60. I held onto 50 for lotto to see if it could break above 50.80 resistance. Once it couldn't and broke below the 9 EMA I sold of the 50 shares at 60.49. It was nearing the close so I figured if it couldn't break this level now it probably wouldn't today.
Execution detail:
Thanks Andy!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Nice entry and scaling out.