Here is a video review for our trade in $CIEN. While the market was down over 100 points today, $CIEN was up over 20%. The setup on this is the earnings breakout. When a stock has earnings that beat expectations, a very powerful setup can emerge – you just need to nail the entry. If you’re looking for trades where a stock can move 30-50% in a day then earnings breakouts is the setup.
Some of the things we are looking for in this setup:
1. Earnings “beat” beating analyst expectations
2. Premarket volume
3. Gap up (4% or more)
4. Intraday setup
We made a similar trade 2 weeks ago on $PLAB using this same setup!
Want to learn more? Email me at kunal@bullsonwallstreet.com
