|Date After Earnings||Gap at the Open||Intra-day Price Performance|
Major statistics to note:
- 6 out of 7 quarters Apple gapped higher at the open
- 4 of those 6 times Apple finished the day below the opening tick
- 5 of 7 times the intra-day change was less than one hundred basis points
Our conclusion from this analysis is that the gains this morning for Apple will come primarily from the gap higher at the open.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Additional disclosure: This article is for informational purpose and is not meant to reflect the views of The Strategist, its principals, associates, editors, or affiliate regarding any of the stocks mentioned. Nothing in this article is meant to reflect future trading intentions of the author. The facts in this article are believed by the Strategist to be accurate, but the Strategist cannot guarantee that they are. Nothing in this article should be taken as a solicitation to purchase or sell securities. Principals, Editors, Writers, and Associates of The Strategist may have positions in securities mentioned in this article.