Gaps in 50% plus moves
My 50% study is a daily analysis of stocks that have moved 50% or more in the last 40 days.
When you study the 50% move daily, you develop a good understanding of the nature of the 50% move.
One of the issues I have studied is whether to focus on gaps or ignore the big ones.
If you study the 50% plus moves, you will see that very few of them have gaps of 25% plus.
Small gaps are good. Big gaps can usually be ignored as they tend to be one-day moves. Most are in biotech or in buyout speculation stocks.
1 comment:
JANX CCRN SNTI are the few names in the early December 2024 rally that gave about a 50% gap up move followed by decline (SNTI) to fill the gap.
CCRN currently shows a linear consolidation, only time will time it starts to decline as well.
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