BJS from the Briefing.com gapper list was very active in pre-market. I use Trade-Ideas to scan pre-market and break down the high volume gappers from the noise.Short the bear flag which rises into the down sloping 5 period EMA. As you can see from the chart, everything was going perfectly. No partial required until a volume spike foreshadows the end of the move. That usually works well, but here we got an analyst upgrade in the middle of the day from a third tier firm. Needless to say, that killed the trade.
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