SRUN - Silver Run is Running Down
Updated
Stock had sudden momentum push up, and seems to have been let go for a "return to sender" move.
Risky trade here with wide stop to account for shorts who intend to cover.
Need to stay in if the trade happens to work out.
Stop at 10.65
Target at 9.98
Risky trade here with wide stop to account for shorts who intend to cover.
Need to stay in if the trade happens to work out.
Stop at 10.65
Target at 9.98
Trade closed: target reached
"Back to sender" move indeed.Not very confident downward momentum will hold through, but let's see what happens.
Profit-taking is good; take profits.
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