When One Stock Tanks, Look at Its Competitor

February 24th, 2014
in contributors

by Jeff Pierce, Zentrader

Groupon tanked on Friday and LIVE didn't. That tells you all you need to know that there is underlying strength in this stock that has a similar business plan as GRPN. This needs to pullback somewhere in the mid 6′s - mid 7′s before I'd consider entering a small long position, but this one has a lot of potential. The chart is extremely bullish and watch the RSI when it falls in the 40-50 range. It should be a buy there.

Follow up:

live










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