Footwear company CROX had a pocket pivot through its 10-dma and 20-dema. While it bounced off its 50-dma on Tuesday, the markets were gapping lower on trade news thus a higher risk time to make any buys. Earnings and sales are strongly accelerating.
Athletic apparel maker LULU had a continuation pocket pivot. Earnings and sales remain robust.
Both are in solid overall uptrends at present. Both are beneficiaries of QE capital flow and qualify as 5-day pockets, though volume was higher over the prior 9 days, thus not a classic 10-day pocket pivot.
Pocket Pivot Review - CROX, LULU
| Published: | 5 Dec 2019 05:36 ET |
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