PPR - Potash, Inc. (POT) Subtle Pocket Pivot along 10-dma
Potash, Inc. (POT) flashed a pocket pivot buy point today, albeit a subtle one, as it came up off of its 10-dma. Yesterday the stock traded enough volume for a pocket pivot volume signature, but the stock stalled a bit as we see on the daily chart below. Today, however, the stock was able to close at a higher-high for a clear continuation pocket pivot buy point. Objectively, if you own shares of POT lower, this could be an opportune add spot, while an aggressive trader might take an initial position here with the idea of keeping a close stop and selling guide at or around the 10-dma at 181.36.
This information is provided by Virtue of Selfish Investing, LLC (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing, LLC. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2016 Virtue of Selfish Investing, LLC. All rights reserved.