After recommending CTXS on April 20 when it issued a pocket pivot, it has gapped up today after a favorable earnings report. It is a buyable gap up, enabling one to pyramid or initiate a position in CTXS.
CRR also had a buyable gap up in today's trade, also after a favorable earnings report. It is an oil stock with industry group ranking 3rd out of 197, composite rating 99. It is 8.8% above the low of today's trading range, so know that if you initiate a position here, you could incur a loss of as much as 8.9%. Note, porosity (giving a stock 1-2% wiggle room to trade below the low of its gap up day in subsequent days) does not apply here since the stock is fairly well above the low of its gap up day, which is taken in context with its overall chart pattern.
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. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
