Fiber optic telecom company Infineon (INFN) had a pocket pivot. Earnings are skyrocketing, group rank 5. INFN gapped up on its prior earnings report.
Market Lab Report - Premarket Pulse 8/18/15
|Published:||18 Aug 2015 12:17 ET|
Major averages finished up yesterday on higher volume compared to Friday, but was still below average. The S&P 500 and NASDAQ Composite both closed above their respective 50-day moving averages but whether this results in an uptrend remains to be seen as the majors have been stuck in a sideways trend since late 2014. Thus risk remains high while trends are virtually non-existent. Futures are down sharply this morning after China's markets suffered another plunge, with the Shanghai Index down -6.1% and the Shenzhen Index down -6.6%, despite a massive cash infusion from the Chinese markets.
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. ©2019 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.