Stupid Scottrade Elite software never made an alert sound at $2.60, it was suppose to alert me when it dropped below that level.
Going to wait at the close to decide to sell or not. But based on the movement of this stock, it looks like the market is starting to pull out of risk again.
Update: SOLD!!! at $2.62 and glad I did. Rather take a small loss than a big one. Aftermarkets look horrible.
Just bought SRZ on the pullback today at $2.69. With a close below $2.60 for my exit signal. Judging from the MACD it still has a fair amount to go. And I believe at this entry point the risk-reward is justifiable considering that $3.16 and then $4.20 potential versus a possible $0.09 loss.
SRZ looks like a very interesting company from a technical perspective to hold over the short term. As fundamentally their financials look bad. But, this could serve as a nice speculative play judging from the current price actions.
So looking at the technical perspective, SRZ has finally broken through the top resistance line at $2.64 with relatively high volume. Will need another huge run up again away from the $2.64 resistance to confirm my confidence in entering. None the less the next key resistance level is at $3.16 at the 100 day EMA. MACD is showing that SRZ still has a couple more room to the upside in the short term towards $3.16. May consider entering tomorrow if the market gives me an opportunity.