How to find big moves for the day or months
NFLX was up 13 dollar yesterday. What triggered this move? A news of new contract. Like this you will see many big moves in a day. Many of them have common character. They have fresh news.
Fresh news creates fresh moves.
Stocks release news post and pre market. Analyst upgrades tend to happen in the morning. In earnings season lot of news is released post and pre market. Such news often leads to one day move on day of news. These one day moves can be 5 to 20% magnitude.
Sometime if the news is significant it can lead to multi week or multi month rally. For day traders and short term swing traders news catalyst can offer a range of opportunities.
Such stocks with fresh news are called stocks in play or story stocks.
News that can affect price:
- Earnings
- upgrades/downgrades
- govt policy change
- FDA decision
- Natural disaster
- Political instability
- Insider buys
- CEO/CFO change
- New product launch
- New order
There are many free sources of news. If you want to catch intra day moves you need to build process loop for tracking news on daily basis post and pre market. Many Stockbee members exclusively focus on this for swing trading or day trading. Day traders tend to track news more actively
When you start tracking news to find swing trades , at first you will feel every news is important. But soon you will figure out what is consequential news and what should be ignored. This kind of skill building requires months of regular practice. After market close you have to study what news triggered big moves and why. Cumulatively if you build this knowledge over 6 month to a year, then you can just glance through news to find the real moving news and you will become more efficient in spotting game changing news.
There are several sources of news. Some like briefings.com are paid and some are free. Some paid sources like Bloomberg are ultra fast.
Many of these kinds of news catalyst lead to just few hours rally , some lead to longer term trends lasting months or weeks. Those stocks tend to be neglected and then have significant catalyst. Those are the kind of game changing catalyst we want to focus for long term trades.
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Source: http://stockbee.blogspot.com/2013/08/how-to-find-big-moves-for-day-or-months.html
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