Was this a real surprise or market was expecting it? When a stock starts making a move a month before earning, market is expecting good earnings. Best earnings breakouts happen when market is not expecting them or when the stock is basing before earnings. Also notice a future stock split for 18th July. Management knows something about the future direction of earnings before increasing liquidity for stock. Not all impending stock splits are bearish. If you test stock split effect on price you will find it is bullish. Too many stock splits and too frequent stock splits are a problem and are bearish. Investors for some strange reason find high priced stock unappealing.
No comments:
Post a Comment