Cardtronics (CATM) Fills Earnings Gap

Cardtronics (CATM) reported stellar quarterly results on February 4th after the close, beating Wall Street estimates with respect to both revenues ($283.9 million actual vs. $270.6 million estimate) and EPS ($.64 actual vs. $.57 estimate).  At the open on February 5th, CATM gapped higher to 40.00 from its prior day 35.77 close.  It took nearly a month, but CATM just filled its gap earlier this week, touching 35.75 on Tuesday.  Failure to hold that gap support could result in a further decline to price support at 33.44.  Otherwise, a reversal here and push back higher to test that gap open from February 5th could be in the "cards".

Happy trading!

Tom Bowley