NYSE:RAMP may well ramp up here. They had nice earnings beat with a Power Earnings Gap (PEG) and now some nice consolidation. I have placed an alert just over yesterday’s high. Should it trigger, I will look to a lower timeframe for a good risk reward entry. I like these kinds of set-ups as the risk can be clearly defined. So, if the trade does not workout I will get stopped out for a small loss.
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Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Trade active
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Nice pop this morning here. 1/4 size position, stop below yesterday's low. I'll look to add on confirmation of this breakout.
such a frustrating stock, keeps gapping up in the morning then fading
jaxdog
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@mrbrown81k, I agree. Today is really a nasty candle so far. This often happens with low float stocks. I usually trade stocks that have average daily volume of 750,000 or more. This one is closer to 500,000, That 1/3 less volume can really make a difference in how a stock behaves. Knowing this I don't let it bother me and I stay in as long as it does not hit my stop. So far it is holding that. I think next week will be the tell. Thanks for the comment.