While our 2nd portfolio position has rallied almost $10 per share within mere months and has been crushing technical barriers, just know that when the price gets extended this far away from these moving averages that a sizable % pullback wouldn't be unusual. However, my long-term view of this stock is still bullish.
This, of course helped to propel the near-term excitement in this stock and others today.
But we're in it for its solid fundamentals and long-term outlook. Hard to beat that nice dividend yield too.
Once $52 is breached AND the stock continues to hold above it...we'll likely see it get its next nice boost.
I could use a sizable pullback to get another averaging down position in!!!