1. Buy on an end of week close +$40 .... a new high breakout can often be a rewarding play (that said, have a realistic stop in place just in case it may be a false breakout)
2. However, if this short term correction in the POG continues (highly likely in my view) then we could see continued weaknness in NCM's s/p .... and it could represent excellent buying if it retraces down to the $35 -$33 range. I would be a buyer around $35.
Just a few thoughts on this one as I would like to acquire it again when the timing is right.
NCM Price at posting:
$38.60 Sentiment: None Disclosure: Not Held
