Earnings surprises lead to big moves
DXCM is example of such stock. Stock was up almost 30% intraday post earnings. I bought 2000 shares on opening order for 185.29 and sold bulk of them between 199 to 200 to lock in profits some shares for swing move for further gain. (DXCM was part of my NTRT strategy. NTRT had performed very well this earnings season as number of stocks have had explosive move on earnings)
If you want to make money trading study earnings surprises. They lead to big moves.
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2 comments:
Do you also have a sell order on entry? Or just let it pullback after the first 10 minutes, and let it (hopefully) come back to the morning high again to sell it?
most strong ones do not pullback. I had 200 as target in mind on this
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