Electrical Stock Could Keep Pushing Higher

Electrical stock Enovix Corp (NASDAQ:ENVX) is down 1.6% at $10.04 today, on track for only its second loss in the last 11 sessions. Today's pullback could be short-lived, too, as the recent rally has ENVX flashing a historically bullish signal.ENVX just moved above the top band of its 20-day Bollinger Bands. Per Schaeffer's Senior Quantitative Analyst Rocky White, the shares moved higher the past nine times this occurred, averaging a 21-day gain of 11.5%. From its current perch, a similar move would put the ...