$BTI being one of the best defensive stocks of the year was probably not on many people's bingo card but this chart has not changed in over a year for us
We didn't need it to move in an impulse wave, we were happy to see it consolidate between the blue lines between $27 and $47 and still offer substantial gains, massively beating the market and a 7.5% dividend...truly incredible.
I would not be chasing here at this position, this potential Wave 3 is looking extended, a pull back to the 50 Day MA at $35.50 would make this attractive again to catch the remaining run up to $47.
DC
2024-09-16 14:31:36 +0000 UTC