Semiconductor company IDTI had a pocket pivot after having a buyable gap up whose low was undercut two days later by 2.5%. This could have been held given the support of the 10dma from which it bounced. So while we wrote on the IDTI buyable gap up report, "Naturally, in the days ahead, as a good sell stop, it can be sold should it break below today's low by 1-2%", the market is ever-changing, thus with the move higher of the 10dma to the 2.5% support level, that level could have been used to stay with your position.
IDTI earnings are skyocketing, pretax margin 26%, group rank 36.
Pocket Pivot Review - IDTI 10/30/15
|Published:||31 Oct 2015 11:39 ET|
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