Trade Plan: SELL (at market close)
Here is what happened:
(click to expand)
Commentary: We expected a bit more from this jump… but it did follow our trajectory. The company beat on both the top and bottom but dropped in the after markets session as we predicted. Perhaps it was just a sell the news thing, or investors read something into the guidance that felt weak. The next day the stock rebounded. Regardless of the why our trajectory analysis was correct we managed a 6% jump zone. Not worth any follow-up trades, but we will pocket the nickel and move on to the next.
Jump Zone Profit: 6%