Next stop 29/30 shorty. I nibbled some BRY yesterday for the hell of it and it also close with a gain today in a horrific tape. Currently net short the market but long LINE in a big way and started a position in TRN today. Like whats going on there. 45 target. Good luck fellow Liners
Major gaps usually get filled on the downside. But back to your gap @38. A decline came immediately after that gap as it created a "death cross". The stock is below its 18, 45 and 200DMA. Not a good position to be in and a hard climb out of the toilet from here to close that gap at $38.
I never take a long position when it is trading below its 18dma.
It would be really good if those key Executives (TRN) would share some of their really big salaries with their stock holders-You are getting ripped off in my opinion, pps may rise to $45.00, but the divi is pitiful.