PSMT is a bullish setup: after falling it turned around, a new momentum signal appeared August 6, an upward-momentum alert fired and fear-and-greed is rising; its sector is improving and PSMT is one of its best performers, with no upper resistance indicated. Watch it next week.
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So, we'll start here with PSMT stock. What is this? Price Smart. I don't have any Price Smart stores where I live in Texas, but maybe you do.
Here at PriceSmart you will notice that it has seen significant upward movements. In fact, in May there was a big move from about 164 to about 190, or roughly $200 , and then a bearish momentum signal appeared, and then a new momentum signal appeared here on August 6.
The stock has been going down and down, but now it has just turned around. He just transformed.
The sector is starting to look better, and this is one of the best performing stocks in that sector.
We have received an alert regarding upward momentum. The stock's fear and greed index is rising, and it doesn't appear to have any upper resistance to at least $15. So, put PriceSmart on your radar for next week.