PPR - It's all relative- JAZZ

Published : February 24 2011 at 13:42 ET

JAZZ (Jazz Pharmaceuticals) issued a pocket pivot on February 22, in the face of a very negative market spurred on by the situation in Libya. Since then, JAZZ continues to step higher. Leading stocks that behave this way in the face of substantial market weakness should be watched closely. It is an important clue. JAZZ will report earnings after the close on March 3. Its prior two earnings reports resulted in strong upside action in the stock.

Keep a close eye on this one.

The market direction model is neutral, but leading stocks may provide logical entry points on the long side.

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