bottomed quickly and momentum suggests a near-term buy signal.
BJ’s Wholesale Club has a quick turnaround off its bottom, with bullish momentum building for an upcoming buy-signal flip.
The speaker says BJ’s found a bottom and turned around very quickly, with the stock up over 2% on the day and close to 3%. That price action is used as confirmation that money is rotating into defensives and that a buy-signal setup may be approaching.
"Stocks Bounced Today… But the SMART Money Is Moving Here..."