Wednesday, June 04, 2008

Earnings Breakout: BOBE

BOBE broke out today over long term resistance levels in a reaction to a postivie earnings announcement today. It is also worth noting that this stock has a high short interest ratio.

This is a good example of an earnings breakout candidate.

2 comments:

carmichael said...

Do you usually wait for a pullback to technical support before entry? I wonder what the historical data for continuation of trend at this point is.

The Market Speculator said...

It depends on the stock and the technical setup. With BOBe, the breakout was so big and so far away from support that I would wait for a pullback.