"Everyone has a plan 'till they get punched in the mouth" - Mike Tyson

June 26, 2013

Winner Winner Chicken Dinner

With app stocks on fire I've been digging for great setups.  Check out this EGAN.  They are a highly rated customer service app company.  On their recent earnings conference call they noted their backlog doubled Y/Y.  Check out the weekly chart.




The stock is thin and impulsive.  If the market correction is over, this stock is going to keep ripping hard.  Very few people know this stock or the good story behind it and it's in a hell of a strong group.

It might be a good idea to use a smaller position size until we are clear this will break out.  There will be plenty of room to add as we look for a measured move to nearly 15.

Stocktwits @a_jackson
Twiiter @a_jackson8

No comments:

Reminder:

All ideas shown on this blog represent the authors opinion based on the data available.