Using Analyst upgrade downgrades to make money
PANW had earnings on 11/25/2019 after close. Stock had rallied in to earnings. The earnings were so-so and they guided down. But that was not the reason I got interested. I saw a bunch of analyst lowering price targets and it down pre market on volume.
I like when bunch of 3 plus analyst upgrade or downgrade or up or lower price targets.
So this was worth risking 1 dollar.
Entered using OPG order (also called Market on Open order). As soon as I got entry , it started going down. Put one dollar stop. In next 3 minutes stock was down to 225. Closed position for instant profits of $3 dollars per shares.
Why I like these kind of setups. Risk is very low. At one dollar stop risk was .43%. Instant results, these kinds of plays at open tend to work instantly or stop you out instantly.
Setup fits in with my objective of finding trades with less than 2.5% risk.
2 comments:
Where to find analyst upgrade and downgrade info ?
Which site do you use for this ?
Theflyonthewall.com
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