Replies to post #12200 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

BMET was in play for a rise above 28. Notice the many LONG UPPER TAILS above the 200 day moving average. Finally after testing for 2 sessions, that resistance was taken out and BMET was able to rise unfettered. This is one of our favorite earnings play.
Traders have to be reminded the moment the play breaks 28 or they tend to forget, they don't muddle through lists of 7 to 14 plays looking for triggers. It took 2 sessions to find its way through 28. Now its looking a bit overbought so like KKD and might have minimal rally potential during this leg (30.50 or so)