Portfolio Strategy, Long/Short Equity, Special Situations
Contributor Since 2008
Today's chart of Air Transport Services, ATSG is showing a classic exhaustion gap pattern. (Scroll down for more info on this pattern.) The stock gapped down and is now trading well off its intraday low on over seven times normal volume. Traders who don't mind taking a little risk (especially going into the weekend with all of the possible headline risk out there), buying this stock could result in a very nice Monday morning return. There are options on the stock but they are thinly traded, so beware.