$CTVA could be headed higher if it breaks above $52.24
* Strong up trend
* Sector: Basic Materials - Agricultural Inputs
* RS vs. Sector: 3.42
* RS vs. SP500: 2.17
* U/D Ratio: 1.7
* Base Depth: 20.18%
* Distance from breakout buy point: 5.56%
* Volume 39.11% above its 15 day avg.
* For the past 4 weeks $CTVA as been ranging between $49.24 and $52.24 while the general market has been falling.
* A U/D ratio of 1.7 shows that $CTVA is being accumulated
* A break above $52.24 could prove to be meaningful
Trade Idea:
* Wait for a break above $52.24 as a sign of confirmation that the stock is ready to move higher.
* Sector: Basic Materials - Agricultural Inputs
* RS vs. Sector: 3.42
* RS vs. SP500: 2.17
* U/D Ratio: 1.7
* Base Depth: 20.18%
* Distance from breakout buy point: 5.56%
* Volume 39.11% above its 15 day avg.
* For the past 4 weeks $CTVA as been ranging between $49.24 and $52.24 while the general market has been falling.
* A U/D ratio of 1.7 shows that $CTVA is being accumulated
* A break above $52.24 could prove to be meaningful
Trade Idea:
* Wait for a break above $52.24 as a sign of confirmation that the stock is ready to move higher.