By Jeff Pierce
After a stock releases earnings and it's received favorably by investors, generally 2 things happen after the initial pop higher.
In both cases you need to find an entry if you want to play these sort of stocks and more importantly determine a strategy for exiting them. In this example we're focusing on GPN as I was in that position until a few minutes ago when I sold at $60.02. My reasoning for selling is that is was above the upper bollinger band on many time-frames I watch - nearly all of them except the daily, and give the nearly vertical move I wasn't going to hold out for another .50.
Here is a good look at the 4 time frames I watch showing where they're above the upper BB. (click to enlarge). In my experience this has been a good reference point to determine short term overbought.
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