$OGE can fall today after bad earnings

27 Feb 2020

Earnings intraday trading strategy signal.

OGE Energy Corp. provides energy and energy services primarily in the south-central United States.
The company has been beating EPS estimates for 4 of 5 quarters (Q3 18, Q4 18, Q1 19, Q2 19, Q2 19, Q3 19). But yesterday the earnings report has a very negative surprise — benzinga.com/stock/oge/earnings.

I suppose many traders will close their long positions today due to bad earnings report and downside market trend.

So I hypothesize that OGE price will be falling from the market open to market close.

Due to strategy, the short sell can be from the market open price,
stop-loss — $0,94 per share,
take-profit — market close price.

Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.

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27 Feb 2020

Trade aktif

Entry price — $42,74
Stop-loss — $43,68