* Great earnings * Very strong up trend * High RS in the Industrials sector * Breaking out of a ~3 month consolidation with higher than average volume (21.37%)
Trade idea: * You can enter now as indicated since the price is very close to the broken level * Or you can wait for a day or two to see how this plays out. * Looking at the weekly chart it seems like CPRT may consolidate above the broken level before moving higher.
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CPRT is offering another great entry before heading higher. If you're not already in this and are thinking about getting in you can use the following criteria
For $1000 you can get 5.0 shares at $155.74 A stop loss placed at $145.74 would risk $50.0 A 2:1 target would be at $175.74