One New Speculative Long Position For Thursday’s Stock Market Session

This one is a brand new IPO and might do well with the over -$10 stocks in the IPO screens. Stocks with prices under the 10 area in IPO land in a bear market should probably be avoided. However this stock is in an uptrend with green BOP, slightly rising volume, and a very bullish candle pattern.

LRN has been in a very wild and volatile movement since it IPO. But after the bounce in August and September the stock looks like it is getting more and more ready for a launch off the 50 day moving average and breakout to a new high, on very strong volume. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately

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