Episodic Pivots
More important than that is where is the earnings in reference to the stocks earnings cycle. Is this a first major earnings acceleration/ surprise after many quarters of below par growth or is this a 8th or 12 th earnings acceleration. The second important consideration is where is the stock in its price appreciation cycle. Earnings acceleration/surprises early in a stocks price life cycle are good from trading perspective. It gets you in to a trade early in a long duration rally.
Earnings acceleration/surprise late in the cycle are slightly tricky to trade as they have both possibilities. It can lead to blowout runaway move or it can lead to reversal after one day gap up. Technicians call them island reversals.
ENR,Energizer Holdings (Google Yahoo Earnings Chart)
ESRX,Express Scripts Inc (Google Yahoo Earnings Chart)
HTI,Halozyme Therapeutics Inc (Google Yahoo Earnings Chart)
LBY,Libbey Inc (Google Yahoo Earnings Chart)
MHS,Medco Health Solutions (Google Yahoo Earnings Chart)
PCAR,Paccar Inc (Google Yahoo Earnings Chart)
RE,Everest Re Group Ltd. (Google Yahoo Earnings Chart)
RGR,Sturm Ruger & Co Inc (Google Yahoo Earnings Chart)
SNA,Snap-On Inc (Google Yahoo Earnings Chart)
TO,Tech-Ops Sevcon Inc (Google Yahoo Earnings Chart)
TRCR,Transcend Services Inc (Google Yahoo Earnings Chart)
TRT,Trio-Tech Internat (Google Yahoo Earnings Chart)
WGOV,Woodward Governor Co (Google Yahoo Earnings Chart)
WHR,Whirlpool Corp (Google Yahoo Earnings Chart)
1 comment:
MBLX from the "pivots" a few days ago sure is working, of course herb Green berg pushed it on CNBC today so that is a negative. Took the chance and bought on Monday on the news. Good example of your (and my theory)
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