Earnings Date End Date : Current Date + -2 Days.Earnings Date Start Date : Current Date + -1 Day.The screen includes those stocks whose Earnings just came out in last two days. Stocks exhibiting negative post-EA price moves are sell/short-candidates.Stocks exhibiting positive post-EA price moves are buy-candidates.This popular StockEarnings screen below will give you a list of stocks that historicallyĮxhibit significant price momentum following an EA for the next seven days: If you see postĮA-momentum is halted or reversed by a significant opposite move, re-evaluate your The 7-10 day scenario is the maximum trade hold-time. Important: Ride-the-Wave is predicated on significant price momentum triggeredīy an EA. then buy-to-close after 7-10 days, or possibly earlier if a desired price target.near the close of the following day for a post-market-EA.near the close of trading the EA-day for a premarket-EA.short a stock one day post-EA if a stock reacts negatively post-earnings:.Sell-to-close after 7-10 days, or possibly earlier if a desired price target is.Near the close of the following day for a post-market-EA.Near the close of trading the EA-day for a pre-market-EA.Buy a stock one day post-EA if a stock reacts positively post-earnings:.Ride-the-Wave targets multi-day price momentum following a company’s earnings announcement More importantly, there is a 54% probability of a positive return over the next 21 trading days and a 51% probability of a positive excess return after a -5% change over five trading days.Ride-the-Wave Strategy – Best for Stock Traders IF PLUG stock moved by -5% over five trading days, THEN over the next 21 trading days, PLUG stock moved an average of 8%, which implies a return that is about 6% ahead of the S&P 500. MACHINE LEARNING ENGINE – try it yourself: You can test the chance of recovery over different time intervals of a quarter, month, or even just one day! The stock is also likely to outperform the S&P 500 over the next month, with an expected return that would be 12% higher compared to the S&P 500.īut how would these numbers change if you are interested in holding PLUG stock for a shorter or a longer time period? You can test the answer and many other combinations on the Trefis Machine Learning to test PLUG stock chances of a rise after a fall and vice-versa. So will Plug Power stock continue to rally over the coming weeks and months, or is a correction looking more likely from current levels?Īccording to the Trefis Machine Learning Engine, which identifies trends in a company’s stock price data for the last ten years, returns for Plug Power stock average close to 14% in the next month (21 trading days) period after experiencing a 9% gain over the last five trading days. While the stock rose from levels of about $4 in early 2020 to levels of around $66 in January 2021, as investors doubled down on futuristic stocks through the Covid-19 pandemic, it has since declined to about $32 per share, as the restatement and a broader pivot away from highly valued growth names hurt the stock. Now, PLUG has been a very volatile stock. The restatement was completed in May, and the overall changes were apparently very small. The earnings were postponed as the company had to restate its results for the prior three years due to some accounting errors. The recent gains come as the company reported its long-delayed Q1 2021 earnings, posting a slightly wider than expected net loss, although its revenue outlook for Q2 was stronger than expected. Plug Power (NASDAQ:PLUG), a company that sells hydrogen fuel cell systems that are used in the material handling and power backup space, saw its stock rally by over 9% last week (five trading days), outperforming the S&P 500 which was up by about 2.5% during the same period.
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