Netsuite is issuing a pocket pivot buy point off the 10-dma, which becomes a downside selling guide if shares are purchased on the basis of today's pocket pivot. So far volume appears to be well on track for a pocket pivot buy point, assuming the stock holds up. N is a thinner name trading 400,000 shares a day on average, so keep this in mind when position-sizing.
PPR - Pocket Pivots in Real-Time: Netsuite (N)
|Published:||14 Feb 2012 19:08 ET|
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