|Day Low/High||30.11 / 31.83|
|52 Wk Low/High||21.29 / 43.93|
Blue chip name PEP is a good example of the weak action in individual stocks.
This is a healthy pullback in a market that was a little overheated.
You don't have to be Sigmund Freud to understand the psychology here.
One interesting name on my screens today is PetIQ.
With limited volatility, the likelihood is that the month of August is going to be very slow.
The powerful moves in the social media giant and Nasdaq 100 come as the broader market is quite lethargic, which is reason for caution.
This is pretty typical Fed Day action, when traders do some quick trades while they wait.
The inconsistency makes stock picking difficult, but there are buying opportunities because of it.