Shutterfly Earning Hedge
SFLY is currently in a flag pattern. The company's total revenue has been gradually increasing over past quarters impressively. Also, since the stock has such large volatility in past earning reports - i expect the same this time. In order to create opportunity for some large returns, I have put a short order in for the previous trading days low, until the 200 MA. Also, a long market order for the price breaking 50.
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