PPR - Deckers Outdoor Corp. (DECK) and Juniper Networks (JNPR) are Pocket Pivots of Interest

Published : September 27 2010 at 17:31 ET

A couple of interesting pocket pivots caught our eye today. The first is in Deckers Outdoor Corp. (DECK), which flashed a very subtle pocket pivot volume signature (note that it is in fact higher volume than any down-volume day over the prior 10 trading days) as it cleared the 50-day moving average, as can be seen in the daily chart below. We would expect this buy signal to hold the 50-day moving average.

Juniper Networks (JNPR), long dormant, also flashed a pocket pivot buy point off of its 10-day moving average as we see below. This would be buyable using the 10-day moving average as a quick selling guide.

What is most interesting about JNPR's pocket pivot is that it is occurring while the stock is trying to emerge from this long-term cup-with-handle formation, as we see on the 3-year weekly chart below. Keep in mind that some of these pocket pivot buy points we are seeing right now could be "late-bloomers" and so may not have the same thrust as some of the earlier ones we picked off in early to mid-September.

This information is provided by Virtue of Selfish Investing, LLC (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing, LLC. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2016 Virtue of Selfish Investing, LLC. All rights reserved.