BIG Trade on May 28, 2021 11:39 from GeoJosh: Tradervue User Stock Trades.

What was happening in the market
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share.
The discount retailer posted revenue of $1.63 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $1.58 billion.
Big Lots shares have risen 50% since the beginning of the year. The stock has risen 65% in the last 12 months.
What was the set-up
Short as price has broke previous resistance and consolidating
How did I traded it
I traded it short at $60.61 as price has broken support at $63 and hoping price consolidation would lead to further decline. Upon further analysis, I noticed $60 was a support level back in March 4-5, the last earnings report.

Learning Experience

Before place a trade on a stock with good news that has moved so much intraday, please take a look at the higher timeframe level to establish previous long-term support as opposed to jumping into the trade. Understand every moment in the market is unique