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Pocket Pivot Review - Lumentum Holdings (LITE), Square (SQ)

Lumentum Holdings (LITE) posted a huge-volume bottom-fishing pocket pivot as it cleared its 50-dma. A  pullback to the 50-dma at 50.17 would offer a lower-risk entry, but the stock is buyable here using the 50-dma as a tight selling guide. The company was very upbeat about its 3D sensing business this morning after reporting earnings. This also resulted in sympathy moves from other stocks in its space, such as FNSR and OCLR.
Square (SQ) posted a supporting pocket pivot at its 50-dma. If it can hold the 50-dma it would remain viable.


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