March 22, 2011

$EOG Trade Today

One of my rules while day trading, is if a stock gaps up, I do not buy the stock until it takes out the high of the first 30 minute range. EOG gapped up today and felt fairly strong. I had Buy Stops set at 113.40. Stops below my moving averages, and roughly a target of 114.50 - 14.75. I ended up taking trade off at 114.00 as I saw some resistance on the daily between 114.30+, and figured I could re-enter if it set up again.

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