PPR - QCOR trying to pocket again off 10-dma this time.

Published : February 6 2012 at 11:55 ET

Questcor Pharmaceuticals (QCOR), which staged a bottom-fishing pocket pivot on Friday as we informed you back then, is today trying to follow-up on Friday's strong reversal with another pocket pivot coming up off the 10-day moving average. We note that QCOR has run into resistance three times prior just above the 38 price level, where it is currently sitting. We might expect a strong pocket pivot move here, should QCOR be able to maintain today's morning gains, would enable QCOR to carry thru resistance in the low 38 price area.

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