PPR - JAZZ 8/8/13
JAZZ had a pocket pivot after trading down to its 10-day moving average then finishing near the top of its trading range to finish positive for the day. The market had a tug-o-war over its earnings report which came out after Tuesday's close and was decidedly won by the bulls. JAZZ has had strange, volatile market action in the past such as on 11/9/12, but action so far this year has been relatively normal, thus it is actionable. Institutional sponsorship has climbed 17 quarters in a row, ROE is 44.2%, pretax margins 52.3%, and earnings and sales remain robust. Group rank 32.
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