MLR - PMP 2/11/15

Published : February 11 2015 at 8:41 ET

Major averages rose yesterday on higher volume. The rally was attributed to hopes regarding the issues in Greece whose situation is volatile to say the least, thus Greece's future remains subject to change without much notice which can add to market volatility. Indeed, German Finance Minister Wolfgang Schaeuble made it official Tuesday after the close: The likelihood is that there won’t be any quick resolution of the latest version of the Greek debt crisis. Whether the market can resolve its current lack of direction during an environment that may be somewhat news-volatile is an open question. The action of individual stocks likely becomes more relevant as potential clues may pile up before a resolution one way or the other.

LinkedIn (LNKD) was able to weather a pullback to the lows of its recent BGU intraday trading range, closing yesterday near the top of a three-day range.

Tableau Software (DATA) pulled down roughly within the -2% to -3% downside porosity allowable for more volatile stocks, and was able to close yesterday above the 95.16 intraday low of last week's BGU intraday range.

Developmental bio-tech name Intrexon (XON) had a gap-up type of pocket pivot yesterday, but is a bit extended as of yesterday's close.

Israeli cyber-security name CyberArk Software (CYBR) had a sharp upside move up through its 50-day moving average that qualified as a "roundabout" type of pocket pivot as it attempts to come up and off the lows of a potential double-bottom base. CYBR is expected to announce earnings tomorrow after the close.

This information is provided by Virtue of Selfish Investing, LLC (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, LLC. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2016 Virtue of Selfish Investing, LLC. All rights reserved.