A moving target for United Rentals

One of the frequent trades that I pursue is the earnings “reaction” trade. Although I often put on earnings trades prior to the event, I often elect to trade the reaction instead. This decision is often due to option volume being poor, or issues with strike availability as some examples.

A stock that I have been active in today that is in this reaction mode is $URI and here is a Daily chart:

Now, for the 5 minute chart (posted on twitter earlier) which is what I trade from:

What action! Up, down, Up, down. Certainly a moving target here. Now to a current 5 minute chart:

The Accumulation/Distribution indicator coupled with volume leading the way here.

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