MOVE's recent rally has fully reversed; fundamentals show continued losses and technicals indicate a bearish pattern with key support at $13.75-$14.

move ticker MOVE is Corvex. Corvex shares are trading higher after the company announced a data center expansion at the existing Mid-Atlantic data center and establishing operations at a second existing enterprise scale data center in the Midwest.

Okay, so we got data center news here. Stock is up 30% on pretty good volume as well. Um, actually, let me take a look at that volume. On average, the stock trades 175,000 shares, done just shy of 4 million here today, and that's versus a float of 27 million.

Short interest on this, negligible. Let's see if the insiders were doing anything on this. Nah, not really. They had some option positions, maybe a couple of grants from earlier this year back in July, but no open market buying as we as we uh have seen before.

Nice little move here today. And here's what your daily chart looks like. So, we're basically trading back into what maybe a supply area 13. What do you think here? M OV. I was just trying to uh see where uh how all this uh uh you know worked with this particular company, but I don't have time.

So, fortunately, I'll just go with uh what I see here. And it looks like this is trying to make its way back up for another attempt to get above VWAP. Uh hopefully we do uh hold above uh VWAP this time because if we do pop above it and cannot break above uh I'd say uh 1670 and hold above there, then you may end up uh putting in a bit of a bearish pattern here. So that'd be something to watch number one.

Uh number two, let's look at their financials. See how they're doing? So they're still losing money. Um, how's their Okay, so uh yeah, so this uh um great that they they're getting cash uh but seems like they're still going to be a ways away from uh you know being profitable as a lot of these data centers are.

I think that we just really need to see uh this recapture beat up. Now, if this uh comes back in, uh support does appear to be around 1375 to $14. You do have the 65 EMA just underneath that at uh 1311.

Um that's kind of where I'm at with this one. If we we really need to recapture VW up if we're going to see some more upside, otherwise uh that you know, losing 1375$14, that's that's probably going to be your last uh support before we start getting into the moving averages and and seeing lower prints.

All right. So, move not moving in the direction I think people want. This did have a bearish looking pattern forming. Didn't look like it even made had a chance to form the right shoulder, but uh this is coming down to the 65 EMA.

>> Which 113? Sorry. >> Move. My bad. My bad. >> And getting some support there for now, but I don't know that it holds. Um

Move gave it all back. Everything it gave the entire move back. Um, and now it's it's basically reset. So whatever happens next whatever hap is whatever happens next but the entire move from the time it started um in the the morning until now has been completely roundtrip.