Replies to post #17077 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

COCO earnings play for Wednesday: COCO a potential bounce off 20 ma (55.40) after or just before earnings report. COCO has been an earnings play for upside since 1999 (it was 5 bucks a share) We need advance notice of at least 3-4 days to capture any continued short or the possible reversal (strong stocks tend to bounce at areas of support usually the 20 ma)



The lower COCO goes before Wednesday's
report the better chance for a pop from the
55 area. COCO might still be a short on Monday so
it remains to be seen If 56.86 gets taken down we might
end up with COCO as short Mon through late Tuesday and a bounce
Wednesday morning.