Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Forming a double bottom base for the past ~8months
* It seems like this recent gap down may be forming a handle to the double bottom base
* It needs to hold above $66.35 as support in order to stay bullish
Technicals:
Sector: Consumer Defensive - Discount Stores
Relative Strength vs. Sector: 1.11
Relative Strength vs. SP500: 1.11
U/D Ratio: 2.08
Base Depth: 41.69%
Distance from breakout buy point: -8.68%
Volume 5.8% above its 15 day avg.
Trade Idea:
* You can enter now as it's showing demand around its 50 day line with higher than average volume
* If you're looking for a better entry you can look for one around the $66.35 area as that does seem like an area of support
* This stock usually has local tops when the price closes around 10.68% above its 50 EMA
* Consider selling into strength if the price closes 10.48% to 10.88% (or higher) above its 50 EMA
* The last closing price is 4.3% away from its 50 EMA
* Very strong up trend on all time frames
* Great earnings track record
* Forming a double bottom base for the past ~8months
* It seems like this recent gap down may be forming a handle to the double bottom base
* It needs to hold above $66.35 as support in order to stay bullish
Technicals:
Sector: Consumer Defensive - Discount Stores
Relative Strength vs. Sector: 1.11
Relative Strength vs. SP500: 1.11
U/D Ratio: 2.08
Base Depth: 41.69%
Distance from breakout buy point: -8.68%
Volume 5.8% above its 15 day avg.
Trade Idea:
* You can enter now as it's showing demand around its 50 day line with higher than average volume
* If you're looking for a better entry you can look for one around the $66.35 area as that does seem like an area of support
* This stock usually has local tops when the price closes around 10.68% above its 50 EMA
* Consider selling into strength if the price closes 10.48% to 10.88% (or higher) above its 50 EMA
* The last closing price is 4.3% away from its 50 EMA
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.