PPR - Pocket pivots June 23, 2011

Published : June 23 2011 at 17:26 ET

CMG- Ascending base formed since February 2011 which is a very powerful type of basing pattern as it shows the stock wants to run higher despite a falling or sideways trading market. Composite rating 99, industry group 14th out of 202 groups.

RVBD- Bouncing off its 200d moving average, this cloud computing stock issued a pocket pivot. Composite rating 96.

PII- This maker of utility vehicles had its first pocket pivot on June 20 when the market looked tenuous at best. For some it may still be within buying range of its first pocket pivot. It also gapped up on April 20, which is always a bullish sign in the pattern. Composite rating 98, industry group 13th out of 202 groups.

PNRA- This operator of 1,453 bakery-cafes in 40 states had a gap up on February 11, 2011 which is bullish for the stock. Composite rating 98, industry group 14th out of 202 groups.

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