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In regards to the “5% Gap up at the open” rule: Does a stock that does gap up 5% get re-evaluated for future consideration, or is it simply discarded?

April 26, 2017consideration future gap re-evaluated regards rule stock

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In regards to the “5% Gap up at the open” rule: Does a stock that does gap up 5% get re-evaluated for future consideration, or is it simply discarded?

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A. A “Gap Opening” occurs when a stock opens much higher or lower than where it closed in its previous session.Although this occurrence is an excellent technical indicator of strength, the Gorilla would rather not see subscribers diving into GorillaPicks that have already achieved a significant portion of their projected targets. If a potential GorillaPick gaps up more than 5% at the open, it is immediately removed and is no longer considered a potential pick. However, in many cases a discarded potential GorillaPick will appear on the radar screen again in the future when it is not so over-bought.