PEIX Follow Up

On 11/3 I posted PEIX and the long term strength and recommended you put it on your watchlist for a pullback to the 10-day moving average. We're just about there, I wouldn't jump in yet, but we may be getting very close to an excellent risk:reward /high probability long trade.

 On a daily basis, this is a huge drop and looks very ugly, but on a longer term view, it looks pretty good.


Here's the longer term view.

I would just wait for the stock to steady around the 10-day m.a.