The price action in an issue during premarket trading following an earnings announcement can often provide clues to how an issue may trade during the regular session.
Microsoft Corporation (NASDAQ: MSFT) is set to print its first-quarter 2023 financial results after the market closes on Tuesday. The stock was trading over 1% higher heading into the event.
Shiba Inu (CRYPTO: SHIB) was sliding over 2% during Monday’s 24-hour trading session, rejecting the eight-day exponential moving average (EMA) as resistance.
Alibaba Group Holdings, Ltd - ADR (NYSE: BABA) plunged 20% off Friday’s closing price at one point Monday before bouncing up about 6% from the low-of-day.