After the bell on Tuesday, Rocket Fuel (NASDAQ:FUEL) reported quarterly earnings that pleased very few on Wall Street as shares plummeted 25% and are now sitting at a new 52-week low. FUEL is one of many tech stocks that quickly became a momentum stock, soaring past $60 before dropping back below $30 as investors soured on these high-growth, high-multiple names. Now, catching a falling knife can be very dangerous, but in this case, I do think the risk/reward sets up more favorably from the long side. Consequently, I would suggest adding a small position as a trade. This worked well last quarter when shares fell from $28 to $20 but then gradually traded back towards $28. On this...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|
|PRO Top long ideas returned 21.7% in 2016**|