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.