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Tuesday, December 7, 2010

PBY

PBY was one of the few earnings breakouts I saw today, and is part of the strong auto parts stores group. Unfortuantely, it is one of the lagging stocks in that group, and despite today's gap up, really isn't that impressive today, either. The top line, the breakout point, is the previous high from April of this year, and using that as a pivot point, the other points don't quite line up right, which may mean that a) the weird pivot point fibonacci relationship I have seen on a lot of charts doesn't happen all the time, or b) I am seeing things that aren't there. Which one it is I don 't know yet.

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