ITMN Trade on Oct 16, 2013 14:49 from kylejensen34_BOWS: Tradervue User Stock Trades.

Setup: Bearish low volume pullback to 20/50DMA resistance

Intraday stock showed weakness when MA's pushed the price below VWAP and back below the daily 20/50MAs. Shorted on the pullback to intraday 9EMA expecting the bounce lower. Stopped out when price broke back above VWAP.

Execution detail:

Date/time Symbol Side Price Position

2013-10-16 14:49:24 ITMN sell $14.790 short

2013-10-16 15:25:12 ITMN buy $14.870 0

Date/time	Symbol	Side	Price	Position
2013-10-16 14:49:24	ITMN	sell	$14.790	short
2013-10-16 15:25:12	ITMN	buy	$14.870	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ITMN&trade=646210&end=20131115&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ITMN&trade=646210&end=20131016160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

October 16, 2013

20sma and 50sam was holding it up.. check out daily chart support levels

mb_willoughby

October 16, 2013

I see what you were thinking. Not a bad idea. Good discipline on the sell. Dead cat bounce eh?

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ITMN Trade on Oct 16, 2013 14:49 from kylejensen34_BOWS: Tradervue User Stock Trades.

Comments

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