Our stop-loss mark on Advanced Water Systems (WMS) was tripped Friday, and with its weaker open today, we’re recommending selling.
Our stop-loss on WMS of “under 100” reflects the fact the 100 area has been a floor for the stock since February 2021. While volume on the sell-down so far has been light, it’s enough of a technical break in a bear market that we should cut out losses and preserve capital.
Our regular update will come Wednesday barring any further action we need to take. In the meantime, I welcome your questions and comments at brendan@cabotwealth.com.