SPOT 20% to 60% short after earnings report if not big surprise?
DISCLAIMER: I'm not a certified or licensed financial advisor, securities trader, or securities broker; and, this is not intended as financial or securities advice.
DISCLOSURE: I own shares of
SPOT
Trend behavior looks to me like pricing-in ahead of missing a big surprise from the upcoming earnings call, anticipated on July 28th. Even the 37% surprise in April was met with a $55/share price drop. The lower support for the past few years looks like $133-$100 range, with a recent support range between $230-$215.
DISCLOSURE: I own shares of
SPOT
Trend behavior looks to me like pricing-in ahead of missing a big surprise from the upcoming earnings call, anticipated on July 28th. Even the 37% surprise in April was met with a $55/share price drop. The lower support for the past few years looks like $133-$100 range, with a recent support range between $230-$215.