Electronic postage service STMP had a pocket pivot. It gapped higher on its prior earnings report then traded sideways until today when it made new highs. Earnings and sales are accelerating, pretax margin 28.1%, group rank 1.
Chinese developer of plasma-based drugs CBPO had a pocket pivot breakout. Pretax margin 52.4%, ROE 33.6%, institutional sponsorship has grown over the last 7 quarters, group rank 54.
Keep in mind our views on buying on constructive weakness instead of on strength in this type of market environment as your risk drops the closer your entry is to your sell stop.
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