Clothing retailer GOOS had an extended pocket pivot yesterday but is pulling back on lower volume. To minimize risk, buy as close to the 10-dma as possible. This sometimes means waiting another day or not buying a stock at all if it remains outside your risk tolerance levels in terms of how close it trades from its 10-dma.
GOOS reports earnings on 11/9 so unless you have a sizable profit cushion, it is best to sell a day before earnings.
Pocket Pivot Review - GOOS 10-13-17
|Published:||31 Oct 2017 14:58 ET|
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