THU 5/15: CHWY – Stock Continues Advancing Today Yet Volume -23% Below Average

12:38 PM – Share continue advancing this early-afternoon, yet the lack of volume conviction concerns me a bit.  Price is starting to get expended from the important 10 DMA by +6.7%. This means a pullback is more likely. I’m personally up +3.7% on this trade yet I only was able to get a 1/3 position, so that equates to just +$372.22 actual profit. Watch closely.

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Chart services courtesy of stockcharts.com. Annotations by James Taulman.