This was a dip and rip pattern that I traded based on its news that came out at 7am EST this morning. The stock spiked during premarket, then started to fade and dip after the market open. I waited for it to break the regular hours HOD and after 9:45 AM to enter the trade. This was a failed dip and rip, as it only spiked $.10 then failed. I cut it when it hit my stop loss with a few cents of slippage. This was a good and disciplined trade.