Receipt check first: yesterday we called $NUWE's pump a trap. It opened at 1.92 and closed at 1.89 (-2% red).
Today, $NUWE is trying it again, gapping up 181% on a pediatric study with a tiny $177k market cap. The symbol-specific data is clear: in 24 prior gap-up days, $NUWE has faded to a red close 75% of the time.
On the other side of the tape, Teladoc ($TDOC) is down 19.88% on Q2 earnings. For earnings gap-downs like this, the base rate shows a 53% probability of closing even lower by the bell.
The numbers say the $NUWE pump is a high-probability fade. We'll track it at the close.