Nov. 8 at 3:28 PM
$OMGA - Omega Therapeutics encountered a common gap down today, opening at a slight -0.55% from yesterday's close. The gap didn't present a significant hurdle, as it has been 100% backfilled today, with the current price hovering just below the target price. While today isn't the optimal day for gap fills for Omega, as Friday holds that title, the quick recovery today is a positive sign.
With the gap already filled, the odds of it being filled today are moot, but were a favorable 80%. Looking ahead, the chances of a gap fill within the next five days remain high at 79%, although any further trading on this gap is no longer on the table. For traders eyeing that 0.5%-1% profit margin, Omega Therapeutics could have been a viable candidate today.
As the gap has been completely closed, future odds should be considered in retrospect. With a general likelihood of any gap fill at 70%, Omega has shown it can quickly bounce back from minor setbacks.
$OMND-CA
$ONCR $ONCSQ.
