Two Stocks Only a Gossip Could Love

ALTR and P have been rumor-drive stocks of late, especially ALTR since Friday.

On the ALTR 15-minute chart, first below, note the stock consolidating its buyout rumor spike quite well. Another move over $43 might be good enough for at least a day-trade long setup out of the highlighted bull flag. 

And P could easily sustain a violent short squeeze. But much like YELP the two of these stocks have been prone to head-fakes and false rallies. Still, P over $16.50 and $17 might finally do the trick. 

As much as these stocks have been fodder for gossip, the initial shakeouts have taken place and we should be on guard for the real moves now.