Gain Capital Holdings has formed a mini double bottom and broken a couple trendlines. It should get up to at least the next trendline, though I have my doubts as to whether it can push through.
The stock usually does well ahead of earnings, and right now it's being bolstered by an optimistic press release put out by the CEO promising good results from the next earnings report. It also got an upgrade from Zacks on June 26 from "Strong Sell" to "Hold."
But yeesh, the ratings are still pretty bad, and the press release wasn't *that* optimistic. I don't think I can bring myself to place a buy order on this one, despite the bullish chart.
The stock usually does well ahead of earnings, and right now it's being bolstered by an optimistic press release put out by the CEO promising good results from the next earnings report. It also got an upgrade from Zacks on June 26 from "Strong Sell" to "Hold."
But yeesh, the ratings are still pretty bad, and the press release wasn't *that* optimistic. I don't think I can bring myself to place a buy order on this one, despite the bullish chart.