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.
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