ALHC — gap-reversal

Summary

Their biggest Medicare contract got a decreasing rating, creating a 20% gap. Before the news, it had uptrending earnings. It's also one of the 2 current strong sectors. Premarket volume was already bigger than on regular trading days. It starts to drop a bit in premarket, capitulating right at the open. It kept consolidating below my entry on the way up, so I waited for it to break from it. I sold half as it makes its first big push, and the rest at the top of the same bar, since I thought a bigger pullback is coming because it went up too fast.