The Best Signal on the Planet

RUBY is a biotech that exploded out of a Cup & Handle on March 15.

In the aftermath of the rip, RUBY pulled back into March 23, where it left an NR 7 Volatility Contraction Day.

This is the narrowest range in 7 days.

Often these contractions are followed by expansions, typically in the direction of the underlying trend.

The following 10 min RUBY shows it came out on Wednesday with superior relative strength.

However, it succumbed to the late market rout.

That said, bonafide buyers do not evaporate and it pays to keep such a setup on the radar.

Legitimate relative strength usually doesn’t disappear overnight.

RUBY was a green bean in a sea of red early Thursday.

Often this acts like a bleep on our trading sonar and the stock becomes a Torpedo — “damn the torpedoes, full steam ahead.”

The buyer in RUBY returned in the early going on Thursday despite a red tape.

When the broad market turned green, RUBY was in a position to accelerate.

It did with a near 20% Late Day Breakout (LDBO).

These are the kind of opportunities traders dream of.

These are the kind of explosive situations we stalk on the Hit & Run Private Twitter Feed.