Some interesting pocket pivot moves today: ALXN and RVBD both broke out to new highs on pocket pivot volume signatures with ALXN coming right up off its 10-dma and RVBD from a point just above its 10-dma; N, MCHP, GRA, and ARUN were clean pocket pivot buys. JJS, the soft-commodities (e.g, cotton, corn, etc.) ETF flashed a pocket pivot today as it also moved to new highs. CTXS flashed an interesting pocket pivot type move as it regained its 50-dma but is coming up off a v-shaped type of move off its recent lows. As always, use the 50-dma or 10-dma as your selling guides on pocket pivot buy points.
PPR - Pocket Pivots for Feb 10 2011
| Published: | 10 Feb 2011 21:30 ET |
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