SG - Episodic Pivot - 2024-05-10

Sweetgreen Earnings Gap Trade – May 10, 2024:

• Gap Up: 27% after earnings on May 9, 2024
• Entry: 1-minute ORH
• Day 1 Outcome: Did not hit stop loss but closed poorly on the bottom half
• Issue: Stock showed no follow-through and failed to move higher in the following days
• Result: Gradual fade and got stopped out with a 4.7% loss after a few days.

While the trade avoided an early stop-out, the lack of momentum and subsequent fade eventually lead to a 4.7% loss.