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Buy Alert Triggered on Cotiviti (COTV)

We have been following Cotiviti Holdings (COTV) since it's IPO and have been impressed with the recent action. Back on June 6, BotTrigger issued an On Watch alert, and that alert just materialized today to a confirmed Buy alert.

June 6 - On Watch

June 29 - Buy Alert @ $20.25

The Buy Alert was triggered due to a holistic confluence of indicators that conferred upon one another. The top 3 reasons were due to:

  • Consolidation Range Breakout

  • Breakout relative to a prior hammer formation on the daily chart

  • Accelerated volume coming into the stock on the hourly time frame

  • A breach to new highs

And some other BotTrigger Algo magic that helped drive the signal. We will keep you updated as things materialize.


Some of the greatest pearls shared by Jesse Livermore:

“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.”

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