OCLR has a head and shoulders pattern, however, it is bouncing off of the 200 SMA and earnings is scheduled to release on May second, 2017. It may be the catalyst needed to make the Head and Shoulders pattern fail. For now, we will monitor for pattern confirmation and a break down below 200 SMA before going short.

finviz dynamic chart for  OCLR

IPDN is also bouncing off of the 200SMA and it could be good for entry with a price target of $12. short term. Stop loss $7.47 

finviz dynamic chart for  IPDN

 

Disclaimer:
Cesar nor MTTS Trading LLC currently owns any shares of mentioned stock above. This article is strictly for informational purposes in compliance with disclosure requirements pursuant to S.E.C. statute and code.

Categories: Common Stocks

This site uses Akismet to reduce spam. Learn how your comment data is processed.