Minggu, 03 November 2024

This Isn't Always Obvious

Earnings beats don't always translate into immediate gains.
Drift Trader

Trader,

Most retail traders recognize that there is power in playing earnings, but a stock's price reaction after an announcement isn't always obvious.

Take Limestone Bancorp Inc. (LMST), for example. After beating analysts' expectations by more than 100% in January of 2021, the stock barely budged.

However, over the next 34 trading days, LMST rose more than 29% - that's the drift!

It would take significant time and effort to locate these earnings surprises. Plus, even more, to analyze each stock for its technical ability to climb.

Drift Trader takes care of these critical tasks by finding stocks ready to move and measuring their drift strength.

Log into Drift Trader to see what stock is on our alert list today.

Best,

The Drift Trader Team support@ino.com

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