shooting star

shooting star
 n.โ€” ยซA 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.ยป โ€”โ€œShooting Stars are not Always Lucky” by Rick Pendergraft Schaefferโ€™s Research Dec. 6, 2004. (source: Double-Tongued Dictionary)

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Further reading

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