Major averages tiptoed higher yesterday on lower volume. The indexes had rallied Wednesday on progress of debt talks in Greece, but an impasse on Thursday caused a minor selloff off the day's highs. The indexes remain near the top of their current six-month range and have yet to break out to new highs. Futures are down this morning as the Greek situation continues without a solution.
Network marketer of personal care products Natural Health Trends (NHTC) had a pocket pivot off its 10dma. Earnings and sales are soaring, ROE 125.3%, group rank 18.
Custom software maker Luxoft Holdings (LXFT) had a pocket pivot. Earnings and sales are robust, ROE 41%, institutional sponsorship has grown last 3 quarters, group rank 15. LXFT should close at least breakeven for this pocket pivot to be valid.
Qorvo (QRVO) had another pocket pivot Wednesday. We reported on its buyable gap up on 5/7 and pocket pivot on 5/18. For those of you who bought on the buyable gap up day then took profits, QRVO is in buying range for adding back what you sold.
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