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In The News

Showing 1 news items in June 2015.
05 June 2015

In last month’s column I discussed the rise of what I call the “Ugly Duckling” buy set-up where we seek to buy a stock not as it makes news highs, but instead as it begins to round out the lows of a potential new chart base or consolidation.

I also showed examples of stocks like Lannett Company (LCI) and CyberArk Software (CYBR) which had strong moves coming off the lows of pullbacks and then started up the right side of what eventually turned out to be a new base formation. These buy set-ups led to significant upside profits, as the daily chart of LCI in Chart 1, below, shows. The stock had several buy signals along the lows of the pattern before moving rapidly up the right side of a new “cup” base. However, once LCI broke out to new highs, its ensuing price move became quite volatile and eventually gave way to the downside. Thus the best move in the stock came up and off of the lows with several Ugly Duckling buy set-ups along the way.

Read the full article here.