We’ve talked many times about the power of boring stocks.
And right now, with tech potentially taking a breather, boring stocks are starting to make a move.
An example of this is Badger Meter (BMI). BMI manufactures residential and commercial water meters.
That description has put us to sleep before.
But here’s the chart:
The last time it broke out (we discussed BMI back in March 2024), it made a nice move.
Now, after a short consolidation, it looks like it might be ready to break out once again.
We’ll keep an eye on it.
Happy trading,
— Scott Welsh
P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The chart above uses weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.
