Double Bottom in PLAY a Cautious Buy
Reasons to buy
Reasons to tread with caution
- Strong Earnings in last quarter
- Strong Earnings in past 3 years
- Strong volume indicating buys buy institutional investors
- Strong compared to S&P500
- Confirmed Double Bottom (see chart for details)
- Within 5% of buy point
Reasons to tread with caution
- Not necessarily a game changing company (opinion)
- Not in a leading industry
- Market not in uptrend...not ideal market for a long position
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