Stock Of The Day: Is Robinhood Markets Breaking Out Ahead Of Earnings?
HOODRobinhood(HOOD) Benzinga·2024-08-07 01:07

Robinhood Markets, Inc. HOOD is reporting its Q2 earnings tomorrow morning. Analysts are looking for 15 cents per share.The shares appear to be breaking out ahead of this. This is why our team of trading experts has made it our Stock of the Day.When a stock is moving higher there isn't enough supply (sell orders) to fill all of the demand (buy orders). As a result, buyers are forced to pay premiums and this forces the shares into an uptrend.But if the stock reaches a resistance level the rally may reverse o ...