norok

Gap before Earnings

NYSE:GPS   Gap, Inc. (The)
NYSE:GPS fired off a bullish signal this morning at a support level that fit my rules for a long trade entry. I'll be watching this closely through the week as the stock has Earnings on 5/27 which can be a maker or breaker of a great trade.
Comment:
Closed out the trade when it got to resistance on Wednesday. As it turned out holding until right before earnings would have been perfect. Yet another example of why you just don't take on earnings risk if you're swing trading.

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