From the desk of top market timer, Mark Leibovit:
The rally in Pep Boys (PBY) last week was a classic example on how a Leibovit VR provided an early warning for a nice rally in a stock. In this case, buy-out rumors were culprit for the big percentage push higher. A Positive Leibovit VR was formed on May 18 which tied in beautifully with a rising 5/3/3 stochastic and two days later the stock gaps higher on the buy-out story. Do you think the buyers on May 18 may have known something positive was coming for PBY? This is what the VR is all about - volume preceding price. Looking at both the daily and weekly chart, the VR works very well on PBY. Go check it out.
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