Last Tuesday, February 6th, we reported on a bottom-fishing pocket pivot in Lumentum Holdings (LITE). The stock continued moving higher all week long despite the severe market correction, which speaks to is strength. Last Friday, the stock posted a second pocket pivot, this time at the 200-dma. It has since held sideways along the 200-dma, shirking off an early-morning sell-off this morning. This remains buyable on the basis of Friday's pocket pivot, using today's low or the 200-dma as your selling guide.
Pocket Pivot Review - Lumentum Holdings (LITE) Follow-Up
|Published:||13 Feb 2018 17:45 ET|
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