The stock broke out from a 16-week cup- with -handle base on above average volume.
Simultaneously, the stock broke out above the trendline connecting the highs of June and September on above average volume. Also, momentum indicators MACD and ADX had a positive crossover on the weekly chart.
The stock has a fair EPS Rank of 76, and an RS Rating of 65. The number of funds holding the stock also increased substantially in the last quarter.
The stock broke out of a stage-one 19-week [consolidation] base on higher volume and is trading above its key moving averages.
Its performance with respect to the market has improved, indicated by an increase in RS Rating to 62 from 52 within two weeks. The stock is under accumulation, reflected by an A/D Rating of A+. The number of funds holding the stock has also increased substantially in the last quarter.
Q1 FY22 earnings are due on October 27, 2021.
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