Eyeing Earnings
Second Sight Medical Products reports earnings today 8/4 after the close. A volume spike could push price and indicators outside of their consolidation areas- the pennant on the daily chart, the narrow Bollinger Bands, flat RSI and flat MACD. The build up and move in either direction would be nasty if you are on the wrong side. Covering would occur (25% short float).
When entering a position, my stop on the long side would be below $10.40, target above $20
(currently no position but I will get long stock shares before today's close)
When entering a position, my stop on the long side would be below $10.40, target above $20
(currently no position but I will get long stock shares before today's close)
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