Notes:
* Strong up trend
* Great earnings
* Breaking out of a ~13 month base with higher than average volume
* Forming a bull flag
Technicals:
Sector: Consumer Cyclical - Footwear & Accessories
Relative Strength vs. Sector: 2.2
Relative Strength vs. SP500: 3.32
U/D Ratio: 1.52
Base Depth: 56.68%
Distance from breakout buy point: 2.22%
Volume 45.81% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking out of the $27.92 resistance area
* Or you can wait for a break above the bull flag
* Or if you want a better entry you can look to enter around the 27.8 area
* This stock usually has local tops when the price closes around 25.12% above its 50 EMA
* Consider selling into strength if the price closes 24.92% to 25.32% (or higher) above its 50 EMA
* The last closing price is 11.57% away from its 50 EMA
* Historical resistance comes around 29.85 and above that around 33.6
* Be on the lookout around 29.85
* Strong up trend
* Great earnings
* Breaking out of a ~13 month base with higher than average volume
* Forming a bull flag
Technicals:
Sector: Consumer Cyclical - Footwear & Accessories
Relative Strength vs. Sector: 2.2
Relative Strength vs. SP500: 3.32
U/D Ratio: 1.52
Base Depth: 56.68%
Distance from breakout buy point: 2.22%
Volume 45.81% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking out of the $27.92 resistance area
* Or you can wait for a break above the bull flag
* Or if you want a better entry you can look to enter around the 27.8 area
* This stock usually has local tops when the price closes around 25.12% above its 50 EMA
* Consider selling into strength if the price closes 24.92% to 25.32% (or higher) above its 50 EMA
* The last closing price is 11.57% away from its 50 EMA
* Historical resistance comes around 29.85 and above that around 33.6
* Be on the lookout around 29.85