SSNC is one to keep an eye on!
* Excellent earnings and accelerating
* Very strong up trend since inception
* High 3-month relative strength in the Tech sector
* Breaking out of a ~5 month base creating a cup and handle pattern
* Depth of the cup is ~15.5%
* Breaking out with higher than 15 day average volume
Trade Idea:
* Given the current market conditions you can open a small position with a hard stop.
* Also, given the market conditions, I wouldn't be surprised if this comes down to $78.55 area
* If you're not entering now, this stock is one to keep on your watchlist for when you do decide to jump in.
* Very strong up trend since inception
* High 3-month relative strength in the Tech sector
* Breaking out of a ~5 month base creating a cup and handle pattern
* Depth of the cup is ~15.5%
* Breaking out with higher than 15 day average volume
Trade Idea:
* Given the current market conditions you can open a small position with a hard stop.
* Also, given the market conditions, I wouldn't be surprised if this comes down to $78.55 area
* If you're not entering now, this stock is one to keep on your watchlist for when you do decide to jump in.