PPR - RAX pocket

Published : March 2 2012 at 10:58 ET

RAX needs to trade at least 2214700 shares in today's trade to qualify for a pocket pivot. Odds are that it will reach this volume. Some may get a jump start by buying a small position now, or alternatively, waiting to see how it trades since it is already up more than 4%.

RAX had a buyable gap up, but then undercut the low by 2.8%. Some may have held, while others may have sold. Nevertheless, the nice thing about pocket pivots is that they allow one to rebuy if sold, or add to their position.

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