Trade Plan: BUY(at market close)
Here is what happened:
(click to expand)
Commentary: We admonished caution on this trade even though the data was clear they would beat. The stock had been up for the week and the concern was the move was priced in. They beat on all the 3 metrics including same store sales (they are low end retailer) and the market reacted as we predicted. Not a huge jump zone as it was trading at annual highs but we managed to pick up our nickel.
Jump Zone Profit: 5%