New Position – Long WETF at 8.93

Stock WETF

WETF Daily Chart

Had my eye on WETF today and bought shares at 8.93 as it continued through yesterday’s high of 8.87. Yesterday’s signals including high volume, close above 8EMA, strong bullish candle, and oversold stochastic could be indicating the beginning of a move up towards 10. From here, I would consider adding more on a pullback into the 8.60’s and using the low or 8.30 from 3/27/17 as a stop area. Targeting 10 to take profits.