+90% eps qtrly growth yoy... UBNT & DVN
Both UBNT & DVN shares are stocks to watch ahead of qtrly earnings!
I.B.D. research of the 600-best performing stocks between 1952 and 2001 showed three out of four reported earnings growth averaging more than 70% in the quarter immediately prior to the start of their winning runs.
The others reported earnings gains averaging 90% in the quarter just after the start of their advances. Generally those earnings gains were accompanied by strong sales gains.
The action by a stock when it surpasses its resistance level: usually a price ceiling at which the stock has previously encountered selling. In many cases, but not always, that resistance level is the highest point in a "handle" portion of a base pattern