Fallondpicks.com: Weekend commentary
The secondary tech indicators [$NASI, $NAA50 and $BPCOMPQ] completed bullish crossovers in the 5-day EMAs of the NASI and $BPCOMPQ, strengthening the bottom - although the latter indicators have bottomed at levels above typical oversold reversal points. Volatility has still to complete a retest of the triangle breakout; the 200-day MA is the most sensible support in this regard, but the 50-day MA provides an alternative support area.
Subscriber newsletter update:
BKD was a Breakout play for May 16th. It hit its target price for a 23% gain. THS clipped its stop from May 11th after drifting through support following an earlier bull trap. The play closed for a 4% loss.
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