BobbySpa

VSTO - Mid-channel breakout!

Long
NYSE:VSTO   Vista Outdoor Inc.
VSTO is one of those names that's been selling off since Trump was elected. I think 2020 could be a turnaround year. Stock has been in the bottom part of the downtrend channel for a year now and just decisively broke through the mid-channel resistance on volume which appears to be picking up on up days. It could come down and test that area but I doubt it. Overbought short term and MACD turning over. Watchlist item but I like what I'm seeing. Ammo sales should rise in election year as stock piling occurs.
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