[Swing] ALSK breakout, CTCM breakdown

ALSK tapped RSI 69. Let’s see if there’s enough momentum to carry through. Next resistance at 13.20.

CTCM made the IBD #4, but this could be good or bad. Considering the weakness in the stock, I’m not picking up any shares until bottom confirmed (stock has rocketed quite fast). Actually, RSI has finally dipped below 70 which tells me the momentum is over (I’d short here, for example, look at ILMN which tanked after failing to breakout… the start point was when RSI fell below 70). Nevertheless, this IPO stock has good fundamentals (ie, raised guidance). Keep it on the radar, but don’t buy now.