BJ’s Wholesale (BJ) shares of the wholesaler are staying impressively strong above all key moving averages this week as it hardly pulled back during the month of April and has held above the rising 55 day EMA most of the year. BJ is potentially a recession play similar to peer COST but regardless the chart is setting up a breakout to new highs above 120 and risk can be managed simply here with a stop under 110. BJ still has the large 4000 January $110 short puts in OI that sold to open on 4/11.