Network security company FTNT had a pocket pivot off its 10-week line, closing just above its 20-dema in yesterday's upside market reversal.
Homebuilder LEN had a pocket pivot off its 40-week line, closing above its 10-dma. Earnings came in strong as the company is benefiting from record low levels of mortgage rates. Mortgage loan applications to buy a home in the US have already sprung back to pre-pandemic levels because interest rates are so low. Even in past recessions, real estate values often continued their uptrend even in falling stock markets.
Pocket Pivot Review - FTNT, LEN
|Published:||16 Jun 2020 06:26 ET|
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