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.
