▼

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.

at

2 comments:

  1. skycondition6:16 AM

    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.

    ReplyDelete
  2. The Market Speculator12:29 AM

    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.

    ReplyDelete