4 Underwhelming Earners to Trade (or Not?)
That's because CRUS has managed to catch a bid above its trendline support level, a move that means that the uptrend is still intact for this stock. After all, in spite of the pullback today, share are still up more than 133% year-to-date. With that in mind, it may be tempting to jump into shares here -- but I'd recommend waiting. Instead, hold out for a bounce off of support this week. That's an indication that enough buyers exist here at support to keep the rally afloat.
To see these stocks in action, check out the Most-Active Stocks portfolio on Stockpickr.
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At the time of publication, author had no positions in stocks mentioned. Jonas Elmerraji, CMT, is a senior market analyst at Agora Financial in Baltimore and a contributor to TheStreet. Before that, he managed a portfolio of stocks for an investment advisory returned 15% in 2008. He has been featured in Forbes , Investor's Business Daily, and on CNBC.com. Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation.Select the service that is right for you!
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