There are various definitions of what the opening range means, but the most common is that it refers to the gap between the low and high price of the first 30 minutes of trading.
Any basic stock charting package can do this work for you through candlesticks. There are four key price points in a candlestick; the chosen period’s open, high, low, and close.
– $121 is the opening range high.– $120 is the closing price for the opening range.– $110 is the first price of the opening range.– $109 is the opening range low.
If you’re trading the opening range breakout the traditional way, you’ll buy the stock if the price rises above $121 and sell the stock if the stock price falls below $109. The strange is very simple, so don’t overthink it!