PI closed right over 53 support, hold here or retest 46.7?
PI rejected off of 60 resistance, went thru 55.45 support (which will now likely be resistance) to retest 53 support level...guessing it'll test around here and lower to the 46.7 level and maybe even lower given recent downgrade, tech selloff & coming holiday before settling around lower support levels til next earnings. I sold July 45 puts for .75 - 75/contract pocketed or shares @ 44.25 recommend anyone seeking to enter/add do the same - solid long!
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