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PPR - QCOR trying to pocket again off 10-dma this time.

Questcor Pharmaceuticals (QCOR), which staged a bottom-fishing pocket pivot on Friday as we informed you back then, is today trying to follow-up on Friday's strong reversal with another pocket pivot coming up off the 10-day moving average. We note that QCOR has run into resistance three times prior just above the 38 price level, where it is currently sitting. We might expect a strong pocket pivot move here, should QCOR be able to maintain today's morning gains, would enable QCOR to carry thru resistance in the low 38 price area.

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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