ACIC on the daily chart looks like a solid swing trade until at least the next earnings. The last trading session had a hugh 10-15% move with a corresponding spike in buying volume. The earnings report is about a month away. I will drill down to a 120 minute time frame and look for bottom pivots from which to accumulate a position for the pre-earnings run...
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Atlas Crest Investment Corp. (NYSE: ACIC) is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses. We are sponsored by an affiliate of Moelis & Company, a leading global financial advisor to corporate executives, boards, entrepreneurs, financial sponsors and...