DDE spiked yesterday because of a merge with Twin River Worldwide Holdings, it also announces second quarterly earnings. These earnings will be reported on Thursday. Potential spike ? It also traded HUGE volume yesterday,
Trading plan for today:
I will risk of 2.91 support from yesterday , if it breaks through yesterday’s high of 3.49 I will buy
if it doesn’t do what I think it does I will wait for Thursday after the earnings report and will see how the stock reacts to that. The stock spiked a lot after the first quarterly earnings report this year in April/May , when the edited conference call came out it dropped significantly.
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