Trade Plan: SELL (at market close)
Here is what happened:
(click to expand)
Commentary: Our initial data set had this as a mixed trade with both up and down action – which it did. Our call was to trade it short – even though both short and was the optimum trade. Those in the trade room watched as the release proved as anticipated – they beat om the bottom line (rev was in-line) and the stock dropped 5.8%. Most took proft here which was the safe bet as it see-sawed its way back up for an 8% long move.
Jump Zone Profit: 5.8%