How To Navigate Earnings Season
It’s no secret that earnings season tends to be a volatile time for individual stocks. One of the best ways to profit from earnings season is to wait and see where the dust settles and then buy the stronger stocks and sell the weaker ones.
Bullish Break-Away Gaps
A bullish breakaway gap up is occurs when a stock gaps up above resistance of its current trading range (a.k.a. base). Conversely, a break-away gap down is bearish and occurs when a stock gaps down below support of a current trading range. A break-away gap up is very bullish and usually marks the beginning of a new leg higher.
Here are three bullish break-away gaps for your review:
Under Armour, Inc (UA)
Chipotle Mexican Grill (CMG)
The Firm Has Positions in FB, UA, & CMG