This stock looks to me like a good opportunity for a trade.
Currently forming a Pennant which is a trend continuation chart pattern.
This stock is also relatively high volume, and trading well above Daily and Weekly 200 period moving averages. This just further helps see the strong Bull trend this stock has been going through. Remember, the trend is your friend! This stock is trading at new highs and there is no resistance in sight. Will be looking at whole numbers for potential resistance levels. (For example 110, 115, 120 and so on)
Earnings are being released on 4/26 so expect volatility!
As I mention with all my stock ideas the ideal entry is when the market has set new highs. Wait for the S&P to clear 2137 for the highest probability set up.
Currently forming a Pennant which is a trend continuation chart pattern.
This stock is also relatively high volume, and trading well above Daily and Weekly 200 period moving averages. This just further helps see the strong Bull trend this stock has been going through. Remember, the trend is your friend! This stock is trading at new highs and there is no resistance in sight. Will be looking at whole numbers for potential resistance levels. (For example 110, 115, 120 and so on)
Earnings are being released on 4/26 so expect volatility!
As I mention with all my stock ideas the ideal entry is when the market has set new highs. Wait for the S&P to clear 2137 for the highest probability set up.