PPR - Keep an Eye on Invensense (INVN) and DigitalGlobe (DGI)
Both Invensense (INVN) and DigitalGlobe (DGI) are trading volume high enough at mid-day such that they are on track to at least show pocket pivot volume signatures.
Technically, INVN is in a tight range along its 10-day moving average currently running through 14.52. If INVN closed above the 10-day line on more than 1.460 million shares, the pocket pivot will be valid.
DGI has already bounced off of its 50-day and 10-week moving averages, and it needs to trade 797,200 shares for a valid pocket pivot.
Fair Disclosure: We are long both INVN and DGI.
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.