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Ep 173: Ken Shreve: How To Buy Stocks With Bottoming Bases

Investing With IBD

CHAPTER

The Stock's Prior Uptrend and the Support Week

The stock hit a high of I think it was what 60 65 95 is that what it says yeah. The left side pullback was a little bit concerning because you had an earnings report in here the latest earnings report that the market chose not to respond well to so you had really to harsh down sessions in a row but on the you go back to the weekly chart and you can see what we would call a nice support week at the bottom of the base. So far so good with the latest breakout and we'll see we'll see if it can garner more more price strength now this is a little bit of a smaller stock a little under three billion market cap do you treat those a little bit

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