Pitney Bowes Inc. (PBI) popped up today after a better-than-expected earnings report. This has continued a trend this quarter of above average reports with improved outlooks. Although the market is still choppy, we should consider this a good sign.
However, the Predictive Alpha time target for Pitney Bowes was hit today, and we recommend closing the position. As we said in the original alert, we do not plan to hold a stock past its target date.
Closing the trade now will free up capital that can be reallocated to a new position in the near future. So, we recommend setting a limit order to close the position at the current share price in the market.
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