PBR is a Brazilian oil company that does well following the price of Crude which has been showing relative strength against other equities. With the certainty of higher rates, higher dollar and more uncertainty of the near term; the market will most likely remain bullish on Oil, Gas, and commodities.
Unusual Options Activity points at the a price of $16 and $17 by end of October.
Nice bottoming wedge breakout on PBR today. Longing here with 9/16 16c.