Major averages rose yesterday on increased volume. The small cap risk-on Russell 2000 closed at new highs, suggesting the market is willing to take on more risk. This bodes well for the NASDAQ Composite and S&P 500 following suit. Futures are down this morning after Standard & Poor's downgraded Greece based on increasing risk of a default by the country.
Automobile anti-crash device manufacturer Mobileye (MBLY) had a pocket pivot on a gap-up move. Pretax margin 41.1%.
Computer security company Vasco Data Security (VDSI) had a pocket pivot. Earnings are skyrocketing and sales are accelerating, group rank 9. VDSI bounced off its 200dma and is rounding out its base.
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. ©2018 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.