Joel Kruger suggests this interesting Equities in his section Equities of interest :
TiVo Inc. (NASD: TIVO)
Very impressive performance over the past several days, with the stock rallying to fresh yearly highs. However, red flags are now out at current levels and from here, I suspect that any additional upside should be extremely limited, in favor of a more significant corrective pullback. Daily studies reside in highly overbought territory, while Wednesday’s bearish doji close also helps to confirm the trend exhaustion. Look for the market to hold below $13 on a daily close basis ahead of a likely retreat to some previous resistance turned support around $10.50 over the coming days.
