PPR - Pocket Pivots for Today, April 13, 2011

Published : April 13 2011 at 18:38 ET
We note a second pocket pivot in CMG today which took the stock to all-time closing highs, as well as continuation pocket pivots in GMCR (supporting-action pocket pivot) and FOSL,  and a pocket pivot volume signature breakout to new highs by DECK. Unusual strength in consumer retail stocks, including CMG, LULU, DECK, FOSL, GMCR, and NFLX, makes for an interesting backdrop of strength in an otherwise bifurcated market environment.

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