I like this trade for several reasons:
1. Large breakout volume
2. Flat tight base (8.5% base)
3. Closed high in day range on breakout day
4. Stage 2 base
5. Still in 5% buy range from buy point ($63.60)
Fundamentally, there isn't consecutive quarters of earnings acceleration.
1. Large breakout volume
2. Flat tight base (8.5% base)
3. Closed high in day range on breakout day
4. Stage 2 base
5. Still in 5% buy range from buy point ($63.60)
Fundamentally, there isn't consecutive quarters of earnings acceleration.