It does not appear that pocket pivots in EXPE or NUAN are actionable given the stocks' sharp declines following their after-hours earnings announcement. There is an underlying "treachery" to this market in that pocket pivots before earnings reports have been misleading in some cases, hence risk increases if one elects to buy a stock going into earnings based on a pocket pivot move the day before earnings. In this environment, this has certainly been the case.
PPR - EXPE and NUAN down after-hours
|Published:||10 Feb 2012 00:32 ET|
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