Taking The Plunge…
In the first part of the trading day,
big point movers can often be good
spots to find intraday setups. This morning Cross Country
(
CCRN |
Quote |
Chart |
News |
PowerRating)
gives a good example.
09:40:22
Plunge Alert
Cross Country (CCRN)
has dropped 6 points since the opening bell, now down 8.36 to 17.83.
The stock is plummeting while the overall market was going up
initially. Waiting for the pattern to take shape pays off when it makes the
second thrust to the downside.
Many times I have been asked about the validity of the surge and
plunge alerts. While they are not actionable signals by themselves, they often
do lead to setups soon after.
Until tomorrow,