This stock has been chosen as a JUMP candidate for its upcoming earnings catalyst that is likely to move the stock between 5-20% post release. To conduct further research on the financials, analyst views and pivot points visit the Inside Mole research tool. This report is based on our analysis and opinions and the trade plan is how we intend to trade this event. As a self-directed trader you may decide to take a different approach to this event. For details on how we trade these events watch the video below.
Target: Rexnord Corporation (RXN)
Earnings Release Date: 5/14/18 (After Market Close)
Position Entry Time: (at or near EOD-end of day)
Last 3 Quarters: “Jump Zone” Move: 11.84%, -3.61%, 8.3%
Consensus Estimates: ($NA whisper) ($.40 estimize) ($.39 wall street)
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates
ANALYSIS: StockJumpers trajectory analysis reveals a positive numbers release and we see the stock popping on the positive sentiment. It may be a small move initially in the after market session, with stronger participation in the following session. The data suggests a beat but all eyes are looking more at the forward guidance for next quarter as today’s bar is pretty high
We are overall LONG for this event.
(Note: This is an after-market release – today)
TARGET ‘JUMP ZONE’ POTENTIAL: 5-8%
CONFIDENCE RANKING: 7
POTENTIAL OPTIONS CONTRACT: NONE
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