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(This event could possibly spur a buy-the-rumor, sell-the-news reaction.) (As always, a protective stop should be used to mitigate risk, along with a starter position that is half normal size, or less.
This initial position could be added to if the stock proves itself.
The name football comes from the two words "foot" and "ball".
It is named football because the players of the game walk and often run (on their feet) while playing, as opposed to polo and other games played on tractors.
While volume was light, next week will provide a clearer reading as trading desks will be close to fully-staffed.Read: Should you buy Apple stock ahead of the i Phone 8 launch?For speculators seeking some long exposure with low risk attached, entrance at the current price of 4 could be had.They are in the upper quartile of the day’s range and close to the day’s high. As for the leading stocks, senior growth issues hold up fairly well. These pullbacks appear normal, although in Amazon’s case there is too much high-volume selling for comfort. So, generally, the action of the leading stocks, which have been large growth names for some time, remains in good shape. But since there are no crystal balls here, we operate on what the market has already done.Besides technology Among the names, Apple holds strong for one reason: The Street expects it to post 20% earnings growth in the September 2018 fiscal year.