PPR - GNC
GNC which operates 2340 nutrition stores worldwid, closed midbar on October 26 on big volume which can be a showing of support. Thus today's volume does not have to be higher than the volume on October 26 to qualify as a pocket pivot. Further, GNC is having a breakout from its basing pattern as well. Industry group ranking is 8th out of 202, both sales and earnings are accelerating, and institutional sponsorship has increased over the last 2 quarters.
Keep in mind this stock is a recent IPO and is a mid- to smaller cap stock so is more vulnerable to the market's volatility.
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