Notes:
* I last spoke about this a couple of days ago as it was bouncing off of its 50 day line
* Since then it has gaped up and is now breaking above the resistance level of $254.44
* It's still offering an early entry as it's still close to its 50 day line and trading above average volume
* Everything else remains the same from my previous post.
Technicals:
Sector: Industrials - Building Products & Equipment
Relative Strength vs. Sector: 1.39
Relative Strength vs. SP500: 1.43
U/D Ratio: 2.03
Base Depth: 17.07%
Distance from breakout buy point: -5.86%
Volume 3.18% above its 15 day avg.
Trade Idea:
* This is still giving a pretty low risk entry opportunity so you may look to enter now as it's breaking above the 254.44 level
* I last spoke about this a couple of days ago as it was bouncing off of its 50 day line
* Since then it has gaped up and is now breaking above the resistance level of $254.44
* It's still offering an early entry as it's still close to its 50 day line and trading above average volume
* Everything else remains the same from my previous post.
Technicals:
Sector: Industrials - Building Products & Equipment
Relative Strength vs. Sector: 1.39
Relative Strength vs. SP500: 1.43
U/D Ratio: 2.03
Base Depth: 17.07%
Distance from breakout buy point: -5.86%
Volume 3.18% above its 15 day avg.
Trade Idea:
* This is still giving a pretty low risk entry opportunity so you may look to enter now as it's breaking above the 254.44 level
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.