GE, General Electric, shows a Person's PPS bull signal confirmed by an MFI bounce off the oversold line. (We've been waiting for this all week.) The stock is trading at 15.31, right at a downward-trending MA20, with upside price resistance at 16.80.
On the bear side, USO, an energy-sector ETF, is showing a bear signal on the Person's PPS, confirmed directionally by the MFI. However, the MFI moved off the overbought shelf 10 trading days ago, while my rules allow only five days, unless there is another reason, such as earnings, to take the trade. I probably won't take this trade.
(The MFI for BAC and INTC, previously on our watchlist, has turned back toward the oversold line.)
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