December 12, 2017: TGC 1.15 +0.08 +7.48% caught my eye on 04 Dec when the daily RSI(14) crossed above 70, it hit a day change of 56% and it moved over 9M shares in volume. Typically, I like to get in a swing trade like $TGC when the Upper Bollinger Band intersects the daily candle.
However, in this instance $TGC also crossed the 200-day SMA on 04 Dec. Typically, when a stock crosses the 200-day SMA it will retrace all the way back down to the 200-day SMA before bouncing off and making another strong move upwards. Profits could have been better on this trade but it still made for a decent swing trade.