Sell Second Half Remitly (RELY)
While the Iran/Israel conflict seemed relatively contained over the weekend, commentary today has stoked concerns that the conflict could still widen. That, combined with rising yields and a market that was somewhat primed for a pullback, is putting downward pressure on many stocks today, a continuation of the trend that began last week.
We’ll heed the action by letting go of the second half of our position in Remitly (RELY). We’ve been patient here, and shares have improved from where we sold our first half. But it hasn’t been enough. RELY cracked below support at 20 last week and its 50-day line right afterward, so we’ll let it go and move on. SELL
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