When a stock 'pops' on a miss in earnings, it raises my curiosity. Our prior trade in Jacobs failed however I think investors were waiting to see if JECs restructuring was beginning to take hold. Today's big move would signal to me that yes, investors liked what they heard. 25% off of it's high, Stearn Agee and CS still have price targets of $72 and $61 on this name respectively. I like this larger wedge breakout w/volume. Chart self explanatory other than to say I will take partials at the fib levels shown. This long swing time in the market 3-5 months with downside clearly limited. See that overhead gap in green? Yeah, let's go fill that.
You need to be a member of StockBuz to add comments!
You can't use this site and its products or services without agreeing to the terms and conditions and privacy policy.
Pardon our dust as this page is undergoing a facelift. Please report any difficulties you may experience during this phase. Contact us
You're welcome to add new charts and photos using the "Add" button found at the top/right.
- Be certain to give each a TITLE
- Select a category that best fits
- Select more than one category by holding down the "CTRL" key when selecting the second or third category.
- Add "tags" which best describe your chart so it can be located by search engines. (ex. Apple stock, AAPL, long trade)
- Since we don't charge for our trade ideas, please pay with a Tweet
Comments