RAIL- What Happened Last Nov- EOY??Yes, last November a large GAP happened, then a bull run of $5.00 happened. This is exactly what going on right now, GAP down, in my opinion wait for a double bottom (down to $14.00), then take bull ride up to at least $19.00 by EOY. On 11/8/17, insider President & CEO bought 10,000 shares at $14.34.
Might be a watch & wait stock for next week, for either buying options or stocks in this stock. Please check further if this fits your investing goals.
RAIL trade ideas
RAIL consolidation until late october
Strong fundamentals
Rail has been moving the day after earnings for the past year, consolidating horizontally thereafter
Buy in the purple range, look for 2-3 bounces to the purple range (based on number of bounces to the red range) between now and late October
Look for current consolidation pattern to never leave the green-purple range during the bounces (if it does, rethink entry point/idea)
Should absolutely not drop below the top red line