14Feb3:33 pmEST
Angie's List for Valentine's Day?
ANGI has earnings tomorrow morning before the bell, which of course is a viable risk to any open positions in the name.
However, it is worth noting as an educational example that the daily chart is printing a reversal candle today after a prior, steep downtrend.
ANGI has been a perennial laggard since its 2013 peal. But it will be interesting to see if it can quietly turn the corner here given that the market has been forgiving to plenty of bulls, with a few exceptions here and there, such as TWTR.
To be sure, the last few weeks for ANGI have been brutal on longs, with the action smacking of some type of capitulation into the steep and steady move down. It would be apropos to see lowly ANGI bottom on Valentine's Day 2017 after topping back in 2013, barring a TWTR-esque earnings pummeling.
I will be revisiting the chart tomorrow after the report, looking to see if the $6 level now holds as concrete support.
See you after the bell for my recap.