FLL Out, CIMT In; DBLE Analysis

Today I think FLL showed severe weakness and no longer recommend it as a long. The stock dropped over 13% on super high volume in a massive sell-off.

Here’s a look at the action:

FLLc1dl1910

We saw a reversal yesterday and a bearish follow-through today indicating a sell.

On the other hand, I do like CIMT. Here’s a chart:

CIMTc1dl1911

Strong breakout today from a base on a decent bump in volume.

Lastly, I wanted to continue to support DBLE while many people believe the stock should be shorted.

DBLEc1dl1916

A large run-up followed by some correction. Let's see if it steadies.

I fully acknowledge that this stock could simply run up and run down, but I think we are just seeing a pullback after huge gains. Tomorrow will tell us a lot. Look for the stock to be flat or positive to stay bullish. If it falls, it may be time to sell out and take gains.

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About the Author

Alex Stewart

I am an MBA student with a degree in personal wealth management. If you have any questions at all, go to the contact page and send me a note.

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