$LSTR is showing signs of moving higher from its cup and handle!
65
Notes: * Strong up trend on all time frames * Good earnings track record QoQ with a few misses * Basing for the past ~14 months * Creating a cup and handle pattern on the weekly chart * The handle pulled back to its 50 day line and used it as support * It's now breaking out of the handle with higher than average volume on the weekly chart * Offering an early entry along with a pocket pivot indicating institutional demand
Technicals: * Sector: Industrials - Integrated Freight & Logistics * Relative Strength vs. Sector: 1.75 * Relative Strength vs. SP500: 2.32 * U/D Ratio(50): 1.07 * U/D Ratio(15): 1.27 * Base Depth: 34.1% * Distance from breakout buy point: -5.51% * Volume 105.58% above its 15 day avg.
Trade Idea: * You can enter now as it's just breaking out of its handle with higher than average volume * If you're looking for a better entry you may find one around the 168.5 area as that could serve as intermediate support
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.