18 cent gain on reduced volume today. I see signs of a short term topping off. PBY couldn't pass the $19.00 level. Without a surge in the overall market, PBY could start drifting lower, later next week.
Well, PBY closed at $15.25 on the day before the last earnings release. Today PBY closed at $18.97. I can't complain about a nearly $12,000 move in less than 3 weeks. I've taken 50% of my position off the table, leaving me with 1500 shares.
Yes that is the mechanics of the market going from oversold to overbought. That is just short term thinking. Trying to time each swing with say the many tools like the Bollinger Band is very difficult on a daily and weekly basis. Look for change of direction, management and earnings and PBY seems to have that for longer term.