Another Big Earnings Eruptions Trade Today

August 1, 2017 by  
Filed under Chart Patterns, Hot Stocks, Trend Trading

 

 

CGNX was our 2nd earnings beat that satisfied all the criteria in the earnings eruptions course this quarter.

 

Not surprisingly, it was a big winner.  This strategy is red hot this year.

 

CGNX had a massive beat on the top and bottom-line. Although they said margins will be going down next quarter which gave me a brief pause.

 

If they would have raised more than just sales guidance, I would have activated my other exit strategy to hold a large portion of my shares longer. 

 

But it hit the entry point and the first target beautifully – within a few minutes. Watch the video which reviews this great morning trade.

 

 

 

 

Free Presentation: Elite Earnings Eruption Video Course

 

 

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