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Sunday Prep 8/01 - $XM LONG

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NASDAQ:XM   None
Love how this name has created a big curling look off the lows and is starting to show signs of strength. Would look for any pullback to that 40 level to show support and get long. If that area doesn’t hold and we somehow make our way down towards the 20d, I would be VERY interested in the name and may even throw some in my longer term account. But remember, for starting new swings would first prefer the broader market to pull back to better levels of support. If the Nasdaq goes and retests that 14000 level, this would be a go-to name for me.

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