Market Breadth Data******************************

Saturday, April 26, 2014

$IMPV The Fly and Tech Stock Carnage

In a recent article BI mentions a list of high beta tech stocks which have suffered severe losses during the last 8 weeks.

We decided to look at them with the default weekly settings of OT Signal in order to find out what signals were triggered during that period.

Here are the results:

ALNY: sell on March 3
BNFT: sell on March 3
CLDX: sell on March 3
CSOD: sell on March 10
DDD: sell of February 24
EXEL: sell on March 3
FEYE: sell on March 3
FUEL: sell on March 3
GIMO: sell on March 24
HALO: sell on February 24
IMPV: sell on March 24
MKTO: sell on March 10

Weekly IMPV with BSH line on top of price and Swing Signals indicator below:

By comparison, during that same period, Wall Street analysts had issued only 2 sell recommendations. One for DDD (compared to 16 buy/hold recommendations), and one for HALO (compared to 6 buy/hold recommendations).

The best of our indicators are included in CIT Toolbox for TradingView and in CIT Collection for NinjaTrader.