Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association that provides retail and commercial banking products and services.
Today the company announced it had beat sales (1.75B, est. 1.68B) and EPS (0.55, est. 0.07) estimates.
I suppose many traders will close their short positions today due to the good earnings report and potentially upside trend.
So I hypothesize that CFG price will be rising from the market open to market close.
Due to strategy, the long buy can be from the market open price, stop-loss — - $1,05 per share take-profit — market close price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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