PPR - Follow up on CRM and VMW

Published : November 4 2010 at 17:32 ET
VMW never flashed a pocket pivot today, so it was not buyable at any point based on last night's PPR alert. CRM on the other hand, which did flash a pocket pivot yesterday, reversed today on heavy volume but was able to hold just above its 50-day moving average. Nevertheless, we don't really care for this action as the stock should have carried through on yesterday's pocket pivot and instead trading higher volume to the downside. Unless CRM bounces off the 50-dma tomorrow we would not mess with this.

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