Chinese-based online retail juggernaut BABA had a pocket pivot after its recent gap up on a strong earnings report. Sales are accelerating, pretax margin 65.6%, ROE 37.8%, group rank 13. Keep in mind this is a bottom feeder type of pocket pivot so one should be quick to take profits when they have them in context with the overall chart.
Footwear and apparel retailer FL had a pocket pivot. This is a large cap retailer so this is another example of a stock where profits should be taken when you have them.
Pocket Pivot Review - BABA, FL 5/21/15
|Published:||20 May 2015 22:51 ET|
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