had a ridiculous ER day. This stock lost a ton of ground on about 40K shares PM and a good ER (excellent revenue beat). Stops were busted on this buy-and-hold name after the open on those retailer investors who probably added around 116-118 recently. And then, as you can see from the Chaikin Money Flow
, today was all about accumulation (institutions likely got shares cheap once again and had solid profits by EOD
). The rebound today was solid, though it under-performed the robust portion of the Dow rally. Expecting PT hikes and hopefully confirmation of a bullish
reversal. With a little help from the market, expect a retest of the $126 resistance. See the notes on the chart for observations about the candle sticks and levels that I'm watching.