Pocket Pivot Review - FLTX, JCOM, EPAM, SHOP, LGIH 10/5/15

Published : October 5 2015 at 15:44 ET
Web-based and mobile fleet management software company FLTX is having a pocket pivot. FLTX is breaking out of a long base. Earnings are strongly accelerating, pretax margin 21.9%, group rank 21. Be cautious about breakouts as it is often best to buy on constructive weakness after the breakout. 

Internet-based call handling service provider JCOM is having a pocket pivot. JCOM gapped higher on a breakout on its prior earnings report but the market correction pulled it lower. Pretax margin 37.1%, group rank 20. 

IT and lifecycle software developer EPAM is having a pocket pivot breakout. Just as with FLTX above, buy on a constructive pullback. ROE 26.3%, steady and consistent earnings and sales, group rank 10. 

Cloud-based commerce platform for businesses SHOP is having a pocket pivot. It gapped higher on its prior earnings report. It should close in the top half of its trading range for this pocket pivot to be valid. Sales are growing strongly, group rank 21. 

Single family home building LGIH should trade enough volume for a pocket pivot. It gapped higher on its prior earnings report. Strong earnings and sales, group rank 16.  

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