Double Bottom in PLAY a Cautious Buy

7 Oca 2016

Reasons to buy

• 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