Scalper1 News
Major averages rose yesterday on mixed volume, higher on the NASDAQ Composite, lower on the S&P 500, with the S&P 500 closing at all-time highs and the NASDAQ Composite having its best gain since January 22. A number of actionable names arose. Odds once again favor an upside breakout especially given the tighter trading ranges of the major averages and the number of leading stocks that are shaping up the right side of their bases. Futures are currently trading higher. Buyable gap up: Chinese online gaming company NTES had a buyable gap up on a strong earnings report. We reported on its pocket pivot Wednesday during the trading day. Pocket pivots: System-on-a-chip semiconductor company AMBA – earnings and sales accelerating strongly, pretax margin 31%, ROE 32.7%, institutional sponsorship has grown 4 quarters in a row, group rank 10. Pocket pivot off its 10dma if it can trade at least 1,316,600 shares. Hardware and software security system maker VDSI – earnings and sales accelerating strongly, pretax margin 22.7%, ROE 20.4%, group rank 15. Coming up the right side of its base. Scalper1 News
Scalper1 News