Long on POR on Pullback

29 Ağu 2018

POR has been trending in the upwards direction for quite a while now. It appears to have some excellent volume support on the way up. Where as downward moves result in a reduction in volume. POR has been respecting the 20 EMA for quite sometime and formed a bullish candle today a with the lows at the 20 EMA. POR also has a zacks rank of 2 (buy) which is a good enough rank for a swing trade. It has beaten earnings estimates over the last 4 quarters. It also has a cool 3.14% dividend yield which isn't too bad for some our longer term holders. POR has an ATR of 0.67 at this time which means it wont be making any drastic moves unless something big happens. I will stay in for a couple days to a couple weeks.