PPR - MHK, YELP 8/29/13

Published : August 29 2013 at 12:09 ET

MHK should trade enough volume for a pocket pivot as it bounces off its 50 day moving average. Earnings and sales are accelerating and institutional sponsorship has increased 5 quarters. It gapped up on its prior earnings report.

YELP will have a pocket pivot if it can trade at least 4,569,500 shares. It gapped up on a strong earnings report in July then hit its sell stop as it moved more than a couple percent below the low of its gap up day.

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