The thing is, I'm buying very small positions. I use the averages like the SP:SPX and NASDAQ:IXIC more like a sentiment measure. The averages are that, averages. They don't account for the whole market. There will always be stocks rising or falling regardless of what the indexes are doing. But, if the averages are in downtrends I won't buy aggressively. I...
$PCTY - Tech | Software - App +19.59% move post ER to decent YoY earnings and sales growth (+74% and +37% respectively). currently displaying a bullish pennant setup awaiting for more traction for another leg of upside breakout. trading above all KMAs and VWAP from ATH.
Ever wonder what it would be like to have your cake, and eat it too? Go ask Paylocity - it's the biggest mooch on the street. Why am I starting with the optional/bonus part of this position? It is because: 1) APPS technicals are so profoundly bullish that I may just avoid mentioning them entirely in this description, and 2) It's pretty damn funny to observe...
$PCTY has just cleared $140.71 handle buy point yesterday. the volume is just above the average. 12 months Consensus Price Target: $133.21 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge.
PCTY has also crossed below its bullish channel's support with high volume so it means the bull trend has ended. Probably it would go back to $98ish before continuing its move downward.