PPR - Buyable Gap-Up in Coinstar, Inc. (CSTR)

Published : July 13 2011 at 10:52 ET
Coinstar, Inc. (CSTR) is staging a buyable gap-up move today using the intra-day low of 58.40 as a downside guide for a stop. Interestingly, CSTR did stage a pocket pivot buy point off of its 10-day moving average yesterday, but the big gap-down on the left side of the pattern was a cautionary indication. However, today's big-volume gap-up begins to negate some of the negative implications of the gap-down.

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