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EGP Ascending Channel SMA50 bounce

Long
EastGroup Properties, Inc. (NYSE:EGP)  
zukedu  
NYSE:EGP   EastGroup Properties, Inc.
Trend Analysis Technical Indicators Parallel Channel Ascending Channel
7
0
trendanalysis indicator parallelchannel ascendingchannel
Pros:
- Hammer with decent volume. Slight more than usual
- SMA 50 is well respected in the past
- Well respected SMA100 makes up for it
- Very clear uptrend

Cons:
- No divergence
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