PPR - UA, YELP 9/2/14

Published : September 2 2014 at 16:12 ET

Athletic clothing retailer UA had a pocket pivot after gapping up after its prior earnings report then moving tightly sideways. UA often violates its 50dma so in this type of market environment, it is especially prudent to take profits when you have them, in context with the overall chart pattern.

Online platform company YELP just missed trading enough volume for a pocket pivot but given its constructive price/volume action leading up to today's action, it is buyable. We hold a position in YELP. Earnings just turned positive, sales are robust, group rank 10. 

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