Boring Badger Breakout (BMI)

by | Mar 5, 2024

We’ve said it before and we’ll say it again:

Big wins sometimes come from boring places.

Here’s an example. 

Badger Meter (BMI) manufactures residential and commercial water meters. 

Sorry, I almost fell asleep writing that.

And yet BMI has been on a tear since early February and its sector is one of the top 40 sectors in the world.

Here’s the chart:

A break above $170.86 would be a new high and could lead to a very big move.

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.

WRITTEN BY<br>Scott Welsh

WRITTEN BY
Scott Welsh

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