Tuesday, August 5, 2014

Opened Close: KPTI

I opened this trade as I got a trend line alert that this KPTI had broken above the range.  I bought at 37.34. I set the stop below the 2 day range.  $33.50  When it sold off aggressively I sold out earlier than my stop.  I took a .4 R loss on the trade.

In retrospect the the volume was lighter than it should have been for the breakout and market conditions are overall weak.  Earnings are in a couple of days.

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