Another Unexciting One Makes a Move

Yesterday we looked at WMT, an old Dinosaur of which I am long (pardon the Gartmanesque language; it annoyed even me). Today another sort of Dinosaur * I’ve been holding for many weeks is making a move. As noted with WMT yesterday, it’ll need volume in order to gain escape velocity. So I hope the Algos are scanning out across the more boring and defensive landscapes of the market.

I held PBH as long as it behaved and crept along the upturned SMA 50. Now it’s your turn, Algos! I’d like this not to be a head fake.

* They can all be the high octane likes of TRXC and CVSI, thankfully.

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