Rare Element Resources (REE), the "lower-quality rare earth metals stock" (we prefer MCP), as we refer to it, did flash a pocket pivot buy point today as it came up off its 50-day moving average, which would also provide a guide for a downside stop. Panera Bread (PNRA) has been in an ascending flag type of formation for several weeks, slowly rising as the market has gone through its gyrations. Today it flashed a pocket pivot buy point off of its 10-day moving average. Charts of REE and PNRA, shown below, are provided courtesy of Bloomberg, Copyright 2011, and are used by permission.
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (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. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2020 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.