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Ep. 211 David Chung: Bill O'Neil And The Making Of Millionaires
Investing With IBD
The Short Stroke of a Little Pen
Arusha Smith: This is a very rare pattern that doesn't have a hundred percent guarantee of success but we really like the way in the prior week how this stock gave up so little of the gains. What you're looking for is extreme price tightness in the week following that big earnings inspired gap up, and it was nearly eight to one in this case. We would expect the new base to form, maybe an eventual test of that 10 week moving average which is that red line on the market's mid chart.
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