Q: Any reason you see for this pullback below its low price post earnings.I thought they were excellent with strong guidance also.
5i Research Answer:
The pullback looks to be fairly technical so far. The stock 'gapped up' after its earnings, and is now 'retracing' this gap between $25.0 and $26.5. We would like to see the stock gain some support at $25 and either consolidate or resume its uptrend. Overall, we continue to like the name and feel that it is just finding a balance between profit-takers and those accumulating.