PPR - Review of Pocket Pivots Today

Published : October 20 2010 at 17:23 ET

NFLX - We noted some interesting pocket pivots in a number of stocks, the most notable being Netflix (NFLX), which pocketed going into earnings this afternoon. The stock looks like it will gap-up tomorrow, and be alert to this as it could be both another pocket pivot buy point and a buyable gap up.

CYT - we first noted Cytec Industries (CYT) as a pocket pivot in early September, and it pocketed again today, the second pocket pivot in the lats 3 days.

AGU - one of the fertilizers that we cited a couple of weeks ago as the group was breaking out en masse, flashed another pocket pivot today.

VALE - flashed a pocket pivot today in a very shot handle up on the right side of a cup formation it has formed. We first mentioned this as it was pocketing up through the 28 price area, and this looks like a good add spot.

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