Friday, March 18, 2011

CROX Bounce Trade

Here is a trade that was available today, but that I did not take advantage of. The stock dropped about 4% from the open and a candlestick with a long shadow formed. The next yellow highlighted candlestick did not move above that one (so there was not an entry signal) but also formed a candlestick with a long shadow. The volume on this move was not extremely high, but it was higher than normal. When price moved above the highlighted candle that was the entry signal ($16.17). The price then lost momentum around $16.30, which would have been close to a 1% gain in about 10 minutes.

No comments:

Post a Comment