PPR - MIPS and VMW
After market screening caught two potential stocks we like.
MIPS makes processors for home entertainment, multimedia, telecom, and networking such as set-top boxes/video games/televisions/cable modem/mobile phones/digital cameras/networking equipment.
It has had a huge run and today got support at its 50dma, culminating in a pocket pivot. Composite rating is 98 and earnings acceleration is strong. Fund sponsorship, an important variable, has been steadily climbing over the last several quarters.
VMW had a second pocket pivot today, with a prior pocket pivot on which we reported on December 1. This could be a good pyramid point depending on your investment style and initial position size.
While the model is on a sell, keep in mind that the model is designed for investment in ETFs. We let the stocks tell us what to do in terms of buying and selling, and these two names are showing contructive pocket pivots.
This information is provided by Virtue of Selfish Investing, LLC (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing, LLC. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2016 Virtue of Selfish Investing, LLC. All rights reserved.