Members of Daily Stock Plays were alerted at 6:40am PST, 10 minutes after the open, that KEG was a Stock In Play. Our proprietary daytrade finder recognized KEG with a bearish intraday pattern, a bearish trendline break on the daily chart, and significantly higher volume than average for the beginning of the day. Notice the shallow slope on the weak rally into the 15 EMA. This indicates weak buying pressure. Once the stock broke below the signal bar low (8:15am PST bar) of $15.97, it traded down to $15.33. With the stop above the signal bar at $16.02, this was a low risk high reward day trade.
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