SCS - Episodic Pivot - 2023-09-20
SCS Trade Summary
Performance metrics and trade details for SCS breakout.
- Risk
- 4.7%
- Gain %
- 14.0%
- Market Condition
- Bullish
- Entry
- OPH
- Stop
- LoD
- Exit
- Signs of Weakness
- About
Steelcase (SCS) reported strong earnings on September 19, 2023, outperforming its industry peers. The stock gapped up 11% the next day.
An entry using the 1-minute ORB strategy with a 4.7% risk (LoD stop) was possible, though slightly higher than ideal.
Exiting after a breakout below the intraday 20 EMA on the 1-minute chart could yield a 10%+ gain in a single day. Holding for a few more days could extend the profit to 14%.
Intraday Entry
After Breakout
