PPR - CTXS, CCR
After recommending CTXS on April 20 when it issued a pocket pivot, it has gapped up today after a favorable earnings report. It is a buyable gap up, enabling one to pyramid or initiate a position in CTXS.
CRR also had a buyable gap up in today's trade, also after a favorable earnings report. It is an oil stock with industry group ranking 3rd out of 197, composite rating 99. It is 8.8% above the low of today's trading range, so know that if you initiate a position here, you could incur a loss of as much as 8.9%. Note, porosity (giving a stock 1-2% wiggle room to trade below the low of its gap up day in subsequent days) does not apply here since the stock is fairly well above the low of its gap up day, which is taken in context with its overall chart pattern.
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