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Market Lab Report - Review of Buyable Gap-Up Reports for the Week Ended January 6, 2017

Published : January 9 2017 at 0:02 ET

Notes from Gil and Dr. K regarding Buyable Gap-Up Reports that were sent out during the week of January 3-6, 2017:

Glaukos (GKOS)

GM - GKOS posted a Buyable Gap-up on Friday that would also qualify as a trendline base breakout. The stock has been building a base for the past three months and may be ready to move higher ahead of earnings which are not expected to be announced until early March.

Dr. K - Depending on market conditions, one could use s tight stop should it move below the trendline or a more standard stop using a 2-3% undercut of Friday's low.

 

Box (BOX)

GM & Dr. K - BOX is attempting to come up the right side of a possible double-bottom base formation. This Buyable Gap-up move came on heavy buying volume Friday, and is actionable using either the Friday intraday low at 14.78 or, alternatively, the 50-day moving average at 14.61 as selling guides. BOX is not expected to announce earnings until early March.


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