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
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