EBR provided update on earnings yesterday - which was poor. The market was interested in comments about the investments they will make over next four years as well as the dividend they surprise announced for preferred shareholders.
Probably insider buying plus in the past few months this stock tends to hit baseline in the low 3's, and shoots up to the upper 3's. I'm hoping to see 3.95, and a breakout of 4 with consistent higher volume could propel it up higher....I would put a stop on it once it passes 3.75 level, and hope for the best. I as well bought at 3.26 a week ago. GL