Crossed the 50 days line early in the day at high volume. IBD rating of 99. Keeping tighter stock than usual as this one had a significant pullback in volume, although it was because of a secondary offering. Long @ $22.57
I bought it at 22.57, yesterday. Sold it today for an small loss when it failed to hold the 50 days line and broke yesterday's low.
jackmexico
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@rg_trader_investor,
Thanks so much for your time and your reply, I am not a pro, bought at 21.50 thinking that it will go up soon to where it was a week ago, but I am not so sure anymore
rg_trader_investor
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You're welcome. I am not a pro by any stretch of the imagination either. Just trying to get better and learn. I post most of my trades to go back and review them and keep learning from them. Unfortunately this one didn't work for me. Cutting the losers quickly and letting the gainers run is the key.
What are your thoughts?