Asbury Automotive Stock Forum

Pre-Market Stock Movers
Gapping up
$Adobe(ADBE.US)$ stock rose 1.6% after Mizuho Securities upgraded the computer software company to ‘buy’ from ‘neutral’, saying it is well-positioned to capitalize on digital transformation with its highly comprehensive end-to-end offering.
$DocuSign(DOCU.US)$ stock rose 1% after the e-signature company beat expectations in its second quarter, with revenue up 10.5% year-on-year, and thu...

Gainers:
In reaction to earnings/guidance:
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$Asbury Automotive(ABG.US)$
This one looks interesting. Lots of signals
- Love that kind of flush after earnings and moreover results not exactly bad. i tend to take note those which drop more than 10%. This flush was -22%. Ship is much lighter now.
- 179.10 was key level, yet the flush stopped ard there. PA for the following days went below but all closed above. ‘Hands’ were present to support. Visible signs in 5 min chart.
- If its not dropping, meaning its gg up in a matter of time. And if zoom out, a higher low was created. Zoom further out, technically still in an uptrend (LT)
- Reckon price hovering ard this level to wait for Ma20 to come down. Just when it crosses below ma50, and everybody thinks goner then price shoots back up? Probably
- The only downside is currently only if price closes and stays above 197, then more upside. Still some distance away. Just keep in watchlist
- Setup void if closes and remains below 179.10