Follow Up to last week’s 3 Charts – INVN, IPGP, and YNDX:
- INVN: A signficant downside reversal on attempted breakout above the pivot on Tuesday warranted a quick sell. Still holding the 50-day and has been very volatile since its IPO.
- IPGP: Price and volume pre-ER last week was looking very good. Actually moved above its pivot before Thursday’s close on 84% increased volume which. However, Friday’s reaction to the ER was poor and the stock is now below the 50-day.
- YNDX: A few moderate negative daily reversals this week but the critical 25 level held and the weekly chart shows positive accumulation the past 4 weeks. ER should be a catalyst this week.
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