Pick up at the Pivot Point..

Hey folks,


One of the most important techniques that both traders and investors can apply to their portfolio is taking advantage of stock pivot points. This can be very useful whether your position is large or small. So what exactly am I talking about?

Take CTV for instance...
A few days ago, CTV reported stellar earnings which helped catapault the stock to new highs. After hitting its high at 33.72, the stock started to come back down. Once it came down a few points, it began trading sideways for a few days. Notice the stock did not sink or bomb out. Instead it maintained a bullish chart pattern as it consolidated for a little. In today's action, we can see that volume has picked up and more buyers have stepped in. This has helped raise not only the stocks share price, but also its technical rating. The current chart pattern shows a "pivot point" or a joint in the chart pattern where the stock has "bottomed out" from its consolidation and is ready for more upward movement. This is usually a good time to add more to your current position or if you are new to the stock, start a position.

Some stocks that are showing a pivot point are:
CTV
HITT
TZOO
TNL
MGI