In our latest breakout scan, BotTrigger flagged Cotiviti Holdings for a potential mover. The official buy alert has not yet been triggered but is on watch. With only 7 days of trading action, there is still not enough evidence to confirm a definitive buy signal. Althogh COTV is currently trading above it's 19.50 high on IPO day, there simply isn't the momentum criteria to validate a buy signal.
BotTrigger Signal = On Watch
“Money is made by sitting, not trading.”
“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”
“Buy right, sit tight.”
“Nobody can catch all the fluctuations.”
“There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”
“It takes time to make money.”
“Don’t give me timing, give me time.”
