DAR has formed a nice ascending triangle consolidation pattern for the last several months.
Pullbacks have shrank from 26% down to 9% while exhausting supply near the $79 area. The stock is now trying to breakout.
Fundamentals are strong with compounding double-digit sales growth and a 200% jump in earnings last quarter.
Risking 7% to see if this move has legs and the breakout confirms.
Pullbacks have shrank from 26% down to 9% while exhausting supply near the $79 area. The stock is now trying to breakout.
Fundamentals are strong with compounding double-digit sales growth and a 200% jump in earnings last quarter.
Risking 7% to see if this move has legs and the breakout confirms.