The stock has been gradually trending higher since it retook its 50-DMA on September 29, 2021.
Momentum indicator RSI has risen upward in the past three days, which shows bullish momentum in this counter.
Another momentum indicator, MACD, has given a positive crossover on September 28, 2021 and is also trending above all its key moving averages, only on the daily chart. On a higher timeframe chart, it still shows some weakness.
Disclaimer: Today, we have already recommended this stock as part of the SWTI portfolio.
After hitting the recent high of 802.7 on July 16, 2021, it started displaying volatility and consolidated at around 20%. Today, it has broken out of a flat base pattern, forming a big bullish candle on the daily chart.
It has a great EPS Rank of 94. Buyer demand is good with a B+ rating and represents fair price strength of 61. It has had 15.6% fund increment in the previous quarter.
The momentum indicator RSI is positive and MACD has also had a positive crossover. The stock is trending above all its key moving averages.
What do you think? Please email us any questions or comments.
Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.For more information, see our Legal disclosures here.