shooting star
n.— «A shooting star is formed when a stock gaps higher in the morning, continues to rise after the open, but pulls back later in the day and closes near the opening price. One other stipulation, this formation must come on the heels of a significant rally in the stock.» —“Shooting Stars are not Always Lucky” by Rick Pendergraft Schaeffer’s Research Dec. 6, 2004. (source: Double-Tongued Dictionary)
Further reading
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