* Okay earnings * Strong up trend since 2019 * Sector: Industrials - Trucking * Relative Strength vs. Sector: 13.48 * Relative Strength vs. SP500: 12.37 * U/D Ratio: 1.21 * Base Depth: 39.33% * Distance from breakout buy point: 0.34% * Volume 24.81% above its 15 day average
* Created a base on base pattern * Was trading in a tight range earlier before the breakout * Then pulled back into the range and is now breaking out * The red horizontal lines indicate previous all-time-highs from 2017/18
Trade Idea: * You can enter now as the price is just breaking out of the range for the second time and it also seems like a pullback recovery. * If you're looking for a better entry you can look for a buy opportunity inside the range if it comes back in.
Note: * First target should be achievable given that it's inside the recent range.
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