Both FB and NOW gapped higher on strong earnings. Keep in mind the general market may need a little time to digest recent gains thus both FB and NOW could undercut the lows of their gap up day.
Both have earnings and sales that are not as impressive as in prior years but both are leaders in their respective spaces, thus odds favor both outperforming the general market IF the general market can continue its way higher.
So far, the uptrend remains intact though sharp one or two day drops within the uptrend are standard in this market so always keep stops tight.
Buyable Gap Up - FB, NOW
|Published:||26 Apr 2019 07:55 ET|
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