NFLX - We noted some interesting pocket pivots in a number of stocks, the most notable being Netflix (NFLX), which pocketed going into earnings this afternoon. The stock looks like it will gap-up tomorrow, and be alert to this as it could be both another pocket pivot buy point and a buyable gap up.
CYT - we first noted Cytec Industries (CYT) as a pocket pivot in early September, and it pocketed again today, the second pocket pivot in the lats 3 days.
AGU - one of the fertilizers that we cited a couple of weeks ago as the group was breaking out en masse, flashed another pocket pivot today.
VALE - flashed a pocket pivot today in a very shot handle up on the right side of a cup formation it has formed. We first mentioned this as it was pocketing up through the 28 price area, and this looks like a good add spot.
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. ©2020 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.