ERII sitting under 8 support, retest 7.45 before Aug. 2 ER?

7 ביולי 2017

Looks like Energy Recovery has been trading in7.45 - 8.7 range for some time now so will likely retest 7.45 before moving back up to mid 8s (unless sudden rise in energy sector which it follows closely). I'm def watching for opportunity to sell loads of 7.5 puts to further average down my position but I recommend the same to anyone seeking entry bec. < 7.5 (really, less than 8) is solid given their agreement with Schlumberger...only a matter of time...