Overall it was a nice recovery. Gainers were up good, losers were down a little. DNS -60, +18, -4.
Trades: I bought calls for FMCN.
Reversal alerts: Only (4) tonight. RIMM, FREE, ARR, and PRFT.
ARR has been drifting down so I'd go with NLY if I were choosing between REITs.
PRFT is anticipating almost a 200% sequential increase in earnings next quarter. YoY earnings growth has been more than double for the last four quarter. The same is anticipated for the next two. YoY sales growth has been between 15 and 24% for each of the last four quarters. Its P/E will fall from around 37 to 18. Analyst opinions are favorable, earnings estimates have been nudged upwards. The chart is crap and the reversal indicators are weak.
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