ProFrac Holding Corp.
Long

$ACDC Breakout with Successful Retest (Maybe)

121
ACDC For you Rocker’s LOL!
Seriously, this is an IPO that I have had my eyes on for a while now. ProFrac is in the oil services business. Last week after it undercut its previous breakout, I set an alarm to see if it would retake that area. It triggered for me this morning. I’ve started this with a ¼ size position and have set my stop very tight. See chart for my notations. Ideas, not investing / trading advice.

Earnings: (yes an IPO with real earnings!)
Profrac Holding Corp. Cl A (ACDC) reported 3rd Quarter September 2022 earnings of $1.09 per share on revenue of $696.7 million. The consensus earnings estimate was $0.86 per share.

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