Vectren (VVC) has been in a great uptrend. With the recent market pullback, it also came in a little. However, today kicked in one of my favorite signals. The price turned up the Weekly Stochastic on the second panel. This stock has given a buy signal on the indicator from below 20 to back above 20.
The strong volume this week is expected given the turbulence in the overall market. However, the stock has been in a strong uptrend and looks like it could continue. We are in volatile times so make sure you have a stop if this fails to hold.
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As well, I will be hosting a Market Outlook live webinar at 11 ET. CLick on the webinars tab and select the event on the right! Or click here!
Greg Schnell, CMT, MFTA