Sealy Corp fka ZZ

[trendseeker]

I noted ZZ last night in a scan that I run. The scan looks for oversold PPO with a very low relative daily volume. I got in this morning with a small position after most of today's run had already occurred (wasn't quick enough to get in before 9:45 AM).

ZZ had a bad quarter and sold off hard earlier this month.
Basically it looks to me like a gap down that occurred around May 20 at about $2.90 is going to get filled or at least an attempt will be made. From that angle, this is more of a swing trade/position trade setup than a daytrade (although it's worked pretty well for those that got in early this am).