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Market Lab Report - Premarket Pulse 5/22/15

Major averages finished breakeven or slightly higher on mixed volume. While the indices remain reluctant to upside break outs, the number of actionable names which have performed well continues to grow. Thus, while market timing remains a difficult road to take, individual stocks have proven worthwhile.

The markets shrugged off Thursday's economic reports which mostly came in weak. This was likely a sign of renewed faith that rate hikes would be further postponed allowing a continuation of QE to prop the markets.

Television station operator Gray Television (GTN) had a pocket pivot breakout. Keep in mind breakouts typically have not been working thus buying a stock on constructive weakness after a pocket pivot is often prudent. ROE 24.6%, earnings and sales are accelerating, group rank 38.

Customer relationship management software provider Salesforce.com (CRM) had a buyable gap up on a strong earnings report. Earnings have been accelerating overall, group rank 32.

Pharmaceutical maker Supernus Pharmaceuticals (SUPN) had a pocket pivot. Earnings have turned positive last couple of quarters and sales are skyrocketing, group rank 2. Keep in mind this is a small cap biotech thus risks are elevated.

NXP Semiconductor (NXPI) had a pocket pivot off its 50dma. Pretax margin 22.7%, ROE 128.7%, group rank 10. NXPI gapped up in early March adding strength to its pattern.

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. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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