$IMXI is one to keep a close eye on as it builds a pivot.
Technicals:
* Very good earnings quarter over quarter
* Steady up trend and seems to be starting a new leg higher
* Sector: Technology - Information Technology Services
* Relative Strength vs. Sector: 4.17
* Relative Strength vs. SP500: 7.42
* U/D Ratio: 1.45
* Base Depth: 27.85%
* Distance from breakout buy point: 12.87%
* Volume -24.65% below its 15 day avg
What to look for:
* Broke out of an 18 month base with tonnes of volume
* Is now building a smaller base after a ~41% move
* Consolidating price action with decreasing volume indicates that sellers are running out of steam
* Look for a break/close above $21.8 with volume.
* Very good earnings quarter over quarter
* Steady up trend and seems to be starting a new leg higher
* Sector: Technology - Information Technology Services
* Relative Strength vs. Sector: 4.17
* Relative Strength vs. SP500: 7.42
* U/D Ratio: 1.45
* Base Depth: 27.85%
* Distance from breakout buy point: 12.87%
* Volume -24.65% below its 15 day avg
What to look for:
* Broke out of an 18 month base with tonnes of volume
* Is now building a smaller base after a ~41% move
* Consolidating price action with decreasing volume indicates that sellers are running out of steam
* Look for a break/close above $21.8 with volume.