BOBE broke out today over long term resistance levels in a reaction to a postivie earnings announcement today. It is also worth noting that this stock has a high short interest ratio.
This is a good example of an earnings breakout candidate.
Earnings Breakout: BOBE
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2 responses to “Earnings Breakout: BOBE”
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Do you usually wait for a pullback to technical support before entry? I wonder what the historical data for continuation of trend at this point is.
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It depends on the stock and the technical setup. With BOBe, the breakout was so big and so far away from support that I would wait for a pullback.
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Paul J Singh 
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