This move in $WAL is pretty interesting: up 54.82% over 24 hours, peaking at 0.05993 while the low was still 0.03752, with an intraday range of nearly 60 percentage points. A trading volume of 336.9M is no small amount for the storage sector.
$AR and $FIL , which are in the same sector, have basically been moving sideways over the past couple of days and haven't kept pace. The fact that $WAL has moved independently is probably down to some news of its own driving it, rather than a sector-wide rotation. In situations like this, it's worth keeping an eye out: if it moves before the rest of the sector, either it really does have its own story, or this could just be a short-lived surge.
My take is that chasing $WAL at this level carries considerable risk. Whether it can hold around 0.06 is key. If you really want to get involved, it'd be much more comfortable to wait and see if it pulls back without breaking below the previous high, rather than jumping in now.
The storage sector has been quiet for quite a while. If this rally in $WAL can get things moving, then names like $AR may get a chance to catch up. For now, keep an eye on it.
$AR and $FIL , which are in the same sector, have basically been moving sideways over the past couple of days and haven't kept pace. The fact that $WAL has moved independently is probably down to some news of its own driving it, rather than a sector-wide rotation. In situations like this, it's worth keeping an eye out: if it moves before the rest of the sector, either it really does have its own story, or this could just be a short-lived surge.
My take is that chasing $WAL at this level carries considerable risk. Whether it can hold around 0.06 is key. If you really want to get involved, it'd be much more comfortable to wait and see if it pulls back without breaking below the previous high, rather than jumping in now.
The storage sector has been quiet for quite a while. If this rally in $WAL can get things moving, then names like $AR may get a chance to catch up. For now, keep an eye on it.