It was decided to put $25,000 into Baxter on Feb. 8 by using the strategy of exponential moving averages discussed in Chapter 3.1. The EMA in Figure 7.5 outlined as the light green line, shows that the stock is trending and that after 2:30pm yesterday it started moving upward. The rule states to purchase stock when trending upward and the closing price is above the EMA. The exponential moving average was used instead of the SMA because this is a shorter-term, 10-day scale, so the EMA should be more accurate. At 2:56pm on February 8th, 440 shares were bought in this company at $56.92 for a total of $25,044.80. Today, the stock price swiftly declined in the morning and the shares were sold at 9:40am for a price of $56.81, with the intention to cut our losses before price declined further. The overall loss, including the $20 in transaction fees, was -$64.00.