Notes:
* I last spoke about this a couple of days ago as it was bouncing off of its 50 day line
* Since then it has gaped up and is now breaking above the resistance level of $254.44
* It's still offering an early entry as it's still close to its 50 day line and trading above average volume
* Everything else remains the same from my previous post.
Technicals:
Sector: Industrials - Building Products & Equipment
Relative Strength vs. Sector: 1.39
Relative Strength vs. SP500: 1.43
U/D Ratio: 2.03
Base Depth: 17.07%
Distance from breakout buy point: -5.86%
Volume 3.18% above its 15 day avg.
Trade Idea:
* This is still giving a pretty low risk entry opportunity so you may look to enter now as it's breaking above the 254.44 level
* I last spoke about this a couple of days ago as it was bouncing off of its 50 day line
* Since then it has gaped up and is now breaking above the resistance level of $254.44
* It's still offering an early entry as it's still close to its 50 day line and trading above average volume
* Everything else remains the same from my previous post.
Technicals:
Sector: Industrials - Building Products & Equipment
Relative Strength vs. Sector: 1.39
Relative Strength vs. SP500: 1.43
U/D Ratio: 2.03
Base Depth: 17.07%
Distance from breakout buy point: -5.86%
Volume 3.18% above its 15 day avg.
Trade Idea:
* This is still giving a pretty low risk entry opportunity so you may look to enter now as it's breaking above the 254.44 level
