TTM Technologies Is a Speculative Short

TTM Technologies (TTMI) makes printed circuit boards and the stock price is up over 225% from its 2016 low. A better-than-expected earnings report earlier this month saw it jump nearly 10% in one day, but this week a large shooting star candle formed on the weekly chart. That could be a sign that the stock price needs to pull back and then spend some time absorbing those gains.

A shooting star is a candle with a real body, or opening and closing range, situated in its lower range and with a high wick or upper shadow; it suggests sentiment is shifting and buyers are losing confidence in the stock and are taking profits....182 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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