Power Earnings Gap: CarGurus Long

CarGurus, Inc.NASDAQ

Description

⋅ May 29, 2021 4:38 PM

Recently reported earnings where we saw numbers coming in above expectations, creating a 'Power Earnings Gap (PEG)' on elevated volume as well as a post-earnings flag formation being developed.

Looking for the next leg higher:

Buy stop: $28.85 (trigger)
Stop-loss: 27.00
Target range: $31.60-$32.15

Last Close: $28.22