Pocket Pivot Review - GDDY, ISRG 4-2-16
Website hosting company GDDY had an upside reversal pocket pivot breakout off its handle. GDDY is a leader in its space. Institutional sponsorship has grown in every quarter since the company went public 3 quarters ago, group rank 84..
Advanced surgical system company ISRG had an upside reversal pocket pivot, closing at new highs. Pretax margin 40.4%, group rank 58.
Upside reversals on higher volume are strong patterns, thus often directly precede higher prices. That said, this bullish action needs to be weighed against buying stocks on weakness closer to their respective moving averages since such stocks may immediately continue to move higher.
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