Major averages sold off yesterday at the open but then pushed back to near breakeven on lower volume as sellers failed to materialize. Baby step moves have been the order of the day. Continued constructive action on the part of leaders has been pronounced over the last few weeks suggesting further upside as a number of leading stocks such as Tesla Motors (TSLA) and GW Pharmaceuticals (GWPH) continue their march higher.
3-D bioprinting company Organovo (ONVO) had a pocket pivot/buyable gap up through its 200day moving average, but keep in mind this company in thin so is subject to wild swings.
Network security infrastructure products Palo Alto Networks (PANW) had a pocket pivot yesterday coming up through its 10-day moving average. Earnings and sales are soaring, group rank 67.
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