Looking for new leadership | stockbee


Looking for new leadership

JVA: Coffee Holdings Co

After few days of correction as of now market is attempting to stabilize here. Many beaten down stocks are bouncing as bargain hunters and mean reversion traders look for that kind of trade.

There is another kind of trade where new leadership can start emerging. They are stocks that did not get affected during the selling and had low volume orderly sideways moves or pullback near the high. They can be first to start rallying once weight of the market is lifted.

JVA is one such stock I bought today. it had orderly pullback after recent high volume earnings breakout. Today it is breaking out. 

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