We are in the middle of earnings seasons and by now you know the earnings breakout is one of my favorite and most profitable setups.
An earnings breakout requires:
1) A stock that has formed a long base or range
2) A big gap breakout
3) A huge volume surge
4) A pullback to the bottom of the breakout bar for entry
TWTR is my favorite 2015 earnings breakout thus far. It broke from a downtrend on huge volume and has carved out a range between $46-49. A breakout over $49 sets it up for a move back to a recent pivot high at $55. Entry on a pullback allows you to play the $46-49 range and play a pre-$50 breakout.
Note: Trade Report members and I entered the stock at the bottom of the range at $47.05 and are still holding.
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My focus list is, market analysis and trade alerts are all featured in the Market Speculator Part-Time Swing Trade Report. If you would like to receive the swing trade report and alerts, sign up for the free trial. Follow me on twitter or email me at SinghJD1@aol.com
