Ya know, as hard as the past three weeks have been for bears, I was hanging in there just fine……….until THIS bolt out of the blue:
Partial Disillusionment
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Initial Reaction
For most stocks, losing $9 after hours would be a huge move, but for the likes of NFLX, it’s practically a non-event. Suffice it to say, the excitement of the subscription increase two days ago seems to have absorbed all the bullish mojo in advance.
Watching Netflix
Four Breakout Stocks to Watch
Here are four stocks from a range of industries breaking out primarily on news, continuing strong technical trends off December lows.
Attunity Ltd. (ATTU) surged $1.48 to $23.39 on 709,200 shares Wednesday on more than double its average volume. The move came ahead of the data management software company’s announcement today that it will release its quarterly and annual financial results on January 31. The move positioned the stock right up against a triple top going back to November. The stock’s On-Balance Volume indicator is making new highs ahead of price, a positive sign. A break through here could lead to $28 next.
Small Caps Overbought
I’ve made the indicators king-sized for clarity, but here is the Russell 2000 ($IWM) cash index with the CCI indicator from SlopeCharts:
