Pocket Pivot Review - MXL, EXP 6-6-16
Semiconductor company MXL had a continuation pocket pivot off its 10-day moving average. We reported on the buyable gap up and a subsequent pocket pivot in MXL in recent reports. Earnings and sales are skyrocketing, pretax margin 23.8%, ROE 38.9%, group rank 74.
Cement manufacturer EXP had a pocket pivot off its 10-day moving average. EXP is a cousin to VMC which had a pocket pivot in April which has done reasonably well since we reported on it on April 13.
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