SGY +$84.25 (+17.21%)

Posted by: on Aug 10, 2016 02:49pm



Summary

Symbol
Qty
Cost
Avg Buy
Avg Sell
Return
Return $
Return %
R
Stop
Result
SGY
49
$489.54
$9.99
$11.71
$1.72
$84.25
17.21%
3.44
$0.00
Win


History

Action
Date
Shares
$
Value
Com $
Risk
Buy
08/05/2016 02:45:43 PM
15
$9.98
$149.70
$0.00
Buy
08/05/2016 02:45:45 PM
10
$10.01
$100.10
$0.00
Buy
08/05/2016 02:45:46 PM
10
$10.10
$101.00
$0.00
Buy
08/05/2016 02:45:47 PM
14
$9.91
$138.74
$0.00
Sell
08/08/2016 11:46:42 AM
49
$11.71
$573.79
$0.00


Notes

Ok I'll start. I started watchy SGY because of its low float and fast moves from the past. I saw the bollinger bands tightening throughout the day on Friday after it had just retraced from a day earlier. I was also watching oil on Friday and it was coming back due to talks of another freeze meeting. SGY was consolidating nicely as you can see in Box 1 so I started to slowly enter during the afternoon :
15 @ 9.98 - $149.70
10 @ 10.01 - $100.10
10 @ 10.10 - $101.00
14 @ 9.91 - $138.74

All said and done I was sitting at 49 shares at 9.99 avg. SGY closed at 10.00 on Friday and looked ready to breakout either way. Just needed some volume. Monday morning premarket oil was running up and SGY ran to 10.61 before market opened. Got some nice volume in and it ran all the way 11.90 high. I wasn't convinced on the volume however would support a run like this since a few weeks before it had ran up 5 dollars on 3-4 mil volume, this run was only 400-500k. I took an exit around 9:50 am at 11.71.

In - 489.54
out - 573.79
14.7% gain



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