Here is a video covering our trade in $PLAB. This was a successful earnings breakout trade; we loaded up at the $6.4 area and added more shares for a 2nd trade at $7.00. This stock ran all the way to $7.60 that day! When a stock has earnings that beat expectations, a very powerful setup can emerge. If you’re looking for trades where a stock can move 30-50% in a day, earnings breakouts is the setup!
Some of the things we are looking for in this setup.
1. Earnings “beat” beating analyst expectations
2. Strong premarket volume
3. Gap up
4. Intraday setup
If you have questions about this or anything else, email me at kunal@bullsonwallstreet.com
