13th day of QQQ short term up-trend; LL climbs to all-time high

GMI5/6
GMI-26/8
T210870%

Stocks with good earnings and hitting a new high on Wednesday:   CCI,ELLI,CNQR,LL,ASPS,TLLP,XOM,CINF,OSIS,HD,RMD,HSNI,MIC.

Check out this weekly chart of LL, which hit an all-time high on Wednesday. Click on chart to enlarge.

 

2 thoughts on “13th day of QQQ short term up-trend; LL climbs to all-time high”

  1. Not even IBD is noticing ivensense INVN, forming a nice cup now. Read the news about it. I bought INVN at $13 and did not sell it when it went down more than 8%. Look at INVN projected earnings, too. My “guess” is in Sept-Oct it will have a cup-handle at $22, and everyone will jump into it in October!!!

  2. INVN does not fit the IBD pattern of a cup and handle. Decline is too deep and there is no prior up-trend. They like a stock that has advanced a lot and then holds in a base for 7 weeks or more. They also like more expensive stocks. When/if INVN ever can come back and break 22.35, I might become interested. Right now, it has huge overhead supply in its way.

Leave a Reply

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

%d bloggers like this: