Both FB and NOW gapped higher on strong earnings. Keep in mind the general market may need a little time to digest recent gains thus both FB and NOW could undercut the lows of their gap up day.
Both have earnings and sales that are not as impressive as in prior years but both are leaders in their respective spaces, thus odds favor both outperforming the general market IF the general market can continue its way higher.
So far, the uptrend remains intact though sharp one or two day drops within the uptrend are standard in this market so always keep stops tight.
Buyable Gap Up - FB, NOW
|Published:||26 Apr 2019 07:55 ET|
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (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. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2020 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.