$SLVM – WATCH: 4th Contraction

Base Count

A newer IPO that looks to be transitioning out of its primary base into a Stage 2.


Has shown good QoQ growth with acceleration into the lates quarter. There was a big surge in margin expansion that thrusted them into profitability.


The RS is a strong 63.4% above the Materials sector, but that’s only 8.53% above the SPX. The VC’s have been long and loose as it appears to be transitioning into a Stage 2. I’d like to see a pull back below its current up channel to form a fourth contraction. Even though, the volume has been diminishing and the price ranges have been tightening.

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