Drifters are stocks that tend to slowly creep their way up in price. Because a positive earnings reaction tends to bode well for the company on a fundamental level, these patterns are perfect for individuals who have full time jobs or don’t care to watch the market every day.
I categorize this pattern in three time frames: Short term (a steep rise in a few days), Mid term (a few weeks), and Long term (a few months). If you aren’t familiar with the post earnings announcement drift phenomenon, check out my other blog post.
The blue light bulb on the chart is ThinkorSwim’s way of signifying an earnings announcement.
Short Term #
Mid Term #
Long Term #