Back in May RVX dropped below the 20 dma, and except for a couple of briefs sips of coffee above that MA in June the PPS has stayed below that resistance level. Right now its at 1.98, the 50 is at $2.15 and the 200 at $1.43

Looking at the consolidation after March's climb in the $1.50 to $1.70 area and I'll be looking for support in this area. I have some dry powder now and that's my target range. Yes, it is decent spread....but given the upside potential I think even the high side will prove profitable by the fall.