LINC

LINC is a stock that has high earnings growth but is at the mercy of the group it is in, schools, which seem to have strength during times of market weakness but start tanking when the rest of the market catches up.  Tis isn't a base, since the stock has been in a down trend, and the price relative line is horribly weak, so it wasn't a surprise to se the dreaded black candle after this morning's gap. Black candles on earnings gaps don't necessarily lead to breakout failures, but they have a low probability of success, especially if the stock has a recent history of weakness.