Another Big Earnings Eruptions Trade Today
CGNX was our 2nd earnings beat that satisfied all the criteria in the earnings eruptions course this quarter.
Not surprisingly, it was a big winner. This strategy is red hot this year.
CGNX had a massive beat on the top and bottom-line. Although they said margins will be going down next quarter which gave me a brief pause.
If they would have raised more than just sales guidance, I would have activated my other exit strategy to hold a large portion of my shares longer.
But it hit the entry point and the first target beautifully – within a few minutes. Watch the video which reviews this great morning trade.