I have been intrigued by how current holding PCL has been trading today and am on the cusp of adding more shares. Just last week I decided to add more of this name to my portfolio after the stock gapped higher and was looking prime for another run up. Well, as you can see (below), it has settled into a nice little pullback.
So, you say: “great EM, you bought on the break higher, what possible edge do we have here that would lead you to want to add shares?”
Good question.
One of my nerdier aspects (of many) is the enjoyment I get looking over the raw historical data files in The PPT.
Below you will find a ~ 3 month annotated chart of PCL. The blue arrows found below signify any time that PCL has registered a “technical score” under 1.80 in this time frame.
Looking at this, you tell me, is this a good place to add some shares?
-EM
