Vertiv: 7th week managing the short
Vertiv drops 9.2%: the Sell signal speeds up as sellers start losing their edge
Vertiv: 7th week managing the short
Our view last week
Vertiv rebounds 6.1% this week on 61% buy volume, lifted off a double bottom near the 281 area and a 30% intermediate bounce, after a modest decline last week. But money flow (CMF) sinks to its worst reading in four weeks: the buyers' comeback doesn't fully convince yet. Price is squeezed between resistance in the 319 area and support in the 317 area, with MACD still below its signal line.
This week's summary
Vertiv's Sell signal has been under management for seven weeks, with the short now more than 8% in the money. This week the stock dropped 9.2%, and money flow has slid deeper negative for a fourth straight week. But beneath the surface sellers are losing some edge: daily volume still leans to the buy side, and the daily chart has already carved a double bottom with a 31% intermediate rebound off the low. Price remains boxed between resistance in the 292 area and support in the 287 area.
IQS Phase
68
in tension
Signal Strength
46
decline starting to make lower lows
Sizing
REDUCED
Ranking
#70 / 140
US stocks
Trade P&L %
+8.28%
from signal to today
restricted Platinum content