SRUN - Silver Run is Running Down

Jan 31, 2018

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

Feb 5, 2018

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.