X
Tired?
Unfocused?
Off your game?

Read our free Dr K report on how to optimize your mind and body so you can boost your focus when trading the markets.
YES, SEND ME THE REPORT !
NO, I'M NOT INTERESTED
Your email will always remain private.

Market Lab Report - Pocket Pivot Review for the Week Ended December 23, 2016

Published : December 26 2016 at 14:27 ET

Notes from Gil and Dr. K regarding Pocket Pivot Reports sent out during the week ended December 23, 2016:

Myovant Sciences (MYOV)

GM / Dr. K - MYOV is a small, thin, recent bio-tech IPO with a compelling story that we have previously reported on the day before it had that +19.66% price move back in late November, less than a month after coming public. Since then the stock has settled back into the business of building a more substantial IPO base. The prior week the stock posted a big-volume pocket pivot off the lows of its current base, likely due at least partially to options expiration. On Friday of the week before Xmas, MYOV posted a less-obvious pocket pivot off the lows of the current base and coming back up through its 10-day and 20-day moving averages. This puts the stock in a buyable position using the the two moving averages a potential selling guides. 

 

Twilio (TWLO)

GM - TWLO is an interesting situation here as it continues to bounce along in a low price range not too far from where the stock was trading back in July as it was just starting a big post-IPO price move. On Wednesday TWLO posted a big-volume roundabout type of pocket pivot as it blasted up through its 10-day and 20-day moving averages and up towards the 50-day line on heavy buying interest. The next day the stock ran into resistance at the 50-day line on equally heavy volume, but held above the 20-day moving average. On Friday, TWLO held tight at the 20-day line as volume declined sharply, indicating that sellers were potentially washed out at that point. While the resumption of trade on Tuesday will give us a better idea of where this might be headed, TWLO's ability to continue holding the 20-day line could bring about another upside move, so that is something to watch for here while using the 20-day line as a tight selling guide. 

Dr. K - TWLO had two up days on Tuesday and Wednesday of last week on good volume after trading quietly in the days leading up to this price/volume action. This volume dry-up (VDU) action can be observed in a number of leading names. Even though TWLO has given back much of its gains, TWLO's open cloud-based platform holds huge growth potential, so a move higher from here would not be surprising, provided the general market holds up.

 


This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2017 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.