Scalper1 News
â Major averages finished mixed yesterday on higher but below average volume. The NASDAQ Composite tacked on another distribution day, though leading stocks continue to behave relatively well. Indeed, we had two new actionable names: Semiconductor Taiwan Semiconductor (TSEM) had a pocket pivot yesterday. The stock had two recent gaps higher, the first on a strong earnings report. Earnings and sales have accelerated strongly, ROE 73.5%, group rank 3. Beauty store retailer Ulta Salon Cosmetics and Fragrance (ULTA) also had a pocket pivot yesterday – earnings, sales, and recent price structure are very stable. ULTA had a recent gap up on a strong earnings report. It then traded sideways in tight fashion until today’s pocket pivot. Scalper1 News
Scalper1 News