Tuesday, October 8, 2013

AA Beats

Earnings season kicks off with AA's after hours earnings, beating on both revenue and EPS, not sure about guidance, but AA which was bought yesterday as an earning's play, is up 1.5% in AH and about +3% since picking it up late yesterday around 3:30 just barely breaking above the range of the last 5-days.

Not much changed today since yesterday's analysis in which nearly every timeframe confirmed at the exact same places.

The only thing I'd add is this chart (intraday) from today in to the late afternoon.

AA intraday positive divergence in to the close.

I haven't heard guidance and I usually don't care too much about AH trade, it will be regular hours tomorrow that determines how well the position did and that will largely depend on guidance.

Did anyone else take the position? Maybe using leverage?


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