PWR - a technical analysis
Around high 32/33 I have been calling PWR overbought and in need of a consolidation, and we are now seeing the begining of that consolidation.
In the recent multi-month rally the 20SMA has held firm support. That support is breaking. PWR is consolidated, but with this weak market PWR may see a true oversold condition, with 30-31 potentially seen. (I will probably start adding at the 38SMA.)
