* 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.
* 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.
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