The stock broke out from a 15-week cup- with- handle base on above average volume.
Likewise, its RS line also broke out above a trendline connecting its February high to the September high.
Simultaneously, the slope of momentum indicators like RSI on multi- timeframe charts has now turned upward with a positive crossover, along with positive MACD.
The stock has a fair EPS Rank of 76, RS Rating of 62, and a great buyer demand rating of A +. The number of funds holding the stock also increased substantially in the last quarter.
Disclaimer: Today, we have already recommended this stock as part of the SWTI portfolio.
Today, the stock broke out from a nine-week cup- with-a handle base on above average volume on the daily chart.
Simultaneously, the stock broke out above the trendline connecting the highs of August and October on above average volume. Simultaneously, momentum indicators MACD and ADX also had a positive crossover on the weekly chart.
The stock has a Good EPS Rank of 90, and the number of funds holding the stock has also increased substantially in the last quarter.
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.