* Great earnings
* Strong up trend
* High relative strength in the Consumer Cyclical sector
* Recently broke above a multi-year base at $50.32
* Has been basing ~8 months
* Forming a tight consolidation at the right side of the base
* Breaking out with higher than average volume
* Maximum probable ROI on this trade would be ~29%
Trade Idea:
* Now's the right time to enter as the price isn't too far away from the broken level.
* If you're looking for a slight discount you can look for buying opportunities near the $66.62 area
* A break and daily close below $66.62 would expose the $63.54 level as support.
* Strong up trend
* High relative strength in the Consumer Cyclical sector
* Recently broke above a multi-year base at $50.32
* Has been basing ~8 months
* Forming a tight consolidation at the right side of the base
* Breaking out with higher than average volume
* Maximum probable ROI on this trade would be ~29%
Trade Idea:
* Now's the right time to enter as the price isn't too far away from the broken level.
* If you're looking for a slight discount you can look for buying opportunities near the $66.62 area
* A break and daily close below $66.62 would expose the $63.54 level as support.