Quick Sprints Scenario flagged CEG, leading to a 30% gain in two days after Microsoft's energy deal announcement.
Our Quick Sprints scenario monitors a combination of technical signals and fundamental metrics to pick up on stocks breaking out of their recent trading patterns. On the 19th of September, it flagged Constellation Energy breaking out. A day later, Microsoft announced a 20-year plan to buy energy from one of CEG's dormant nuclear facilities and the CEG stock price shot up.
The movement of CEG shares a day before the Microsoft announcement seems like there was some insider knowledge of the pending deal, and insiders scooped up the shares. After all, it would be very tough to keep a deal this big with so many stakeholders quiet.
The Quick Sprints scenario is a bullish scenario that identifies strength in the share price movement based on 11 different indicators. Sometimes the movement lasts a few days, other times the movement is the beginning of a long-term run in the stock price. The scenario predated a 60% run in the share prices of Netflix and Dick's stocks, and recently flagged a number of S&P 500 stocks breaking out of their trading patterns.