Pocket Pivot Review - Cloudera (CLDR) Second Roundabout Pocket Pivot
| Published: | 25 Nov 2017 13:29 ET |
Cloudera (CLDR) posted another pocket pivot, this time on a move above the 50-dma. This comes after the prior pocket pivot along the 10-dma that we reported on this past Monday. The company is expected to report earnings on December 7th, so this percolating, roundabout action could be portending of a possible strong earnings report. For now, however, it has provided some steady, but slow upside following Monday's initial roundabout pocket pivot along the lows of a potential new base.
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