Note: I've mentioned this stock a couple of times before but both times it pulled back to an expected level due to the market conditions at the time.
* Excellent earnings
* Very strong up trend
* High 3-month relative strength of 2.61 in the Industrial sector
* Breaking out of a ~9 month base with higher than average volume
* Tried to break out a couple of times before but failed due to market conditions at the time
* Now breaking out again with higher than average volume
* The recent price action did make a double bottom and the price has confirmed a break of the double bottom as well.
Trade Idea:
* Now's a great time to enter as the price is just breaking out and is close to the broken level
* If you're looking for a better entry you can look for a buying opportunity near the $242.52 area
* Excellent earnings
* Very strong up trend
* High 3-month relative strength of 2.61 in the Industrial sector
* Breaking out of a ~9 month base with higher than average volume
* Tried to break out a couple of times before but failed due to market conditions at the time
* Now breaking out again with higher than average volume
* The recent price action did make a double bottom and the price has confirmed a break of the double bottom as well.
Trade Idea:
* Now's a great time to enter as the price is just breaking out and is close to the broken level
* If you're looking for a better entry you can look for a buying opportunity near the $242.52 area
