QCOR gapped up on strong earnings at the end of July but due to its prior erratic behavior in late 2012 was not actionable. Today, its gap up is buyable as it has traded more constructively since its prior gap up. It may also trade enough volume (1,397,600) for a pocket pivot. Earnings and sales have accelerated, group rank 31, pretax margin exceedingly strong at 61% as well as ROE 109.9%. The market may be putting in a top and Fed minutes are being released at 2pm EST, so position size with care.
PPR - QCOR 8/21/13
|Published:||21 Aug 2013 15:19 ET|
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