OMG — here’s a stock that’s actually working! Criteo (CRTO) (July 08, 2015)
Hey guess what? Here’s a stock that’s actually working today, that’s not an inverse ETF. Criteo ( NASDAQ:CRTO ), a French eCommerce advertising company, up today on pretty good volume; slightly more that average volume. But here’s the thing: look at all of the big bars; as an Irishman I love this, all of the big bars are green bars.
This stock is really under accumulation, it just looks bad after this. But you’ll notice after this kind of pullback, big, massive, high volume dumpage, right? The stock continues to move higher. So all this did, in my view, which is right now the only view that counts because I’m the only one with the microphone, all this did was confirm the viability, the relevancy, the efficacy of the 50-day moving average.
So what we do here is, we draw a line, I love drawing lines particularly with this software because I can still have a tremor and still do it okay as opposed to this where I really can’t. We draw a line, simply put, we just slap a red box right along this line, seriously, and that’s your trade on Criteo ( NASDAQ:CRTO ). So many other things are just going in to the crapper at least today, tomorrow, whenever.
It’s kind of nice to find something that actually had a decent trading day today and was trading away from all the stuff with the NYSC, with United, with Greece, etcetera, etcetera, and it’s just kind of moving up. So I think Criteo ( NASDAQ:CRTO ) is a stock that you could actually take right now. If it happened to pullback say to 48.00ish, something like that, I think you buy more because this has been one long base and to me this is just starting to move.
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