$SNDR to head higher after breaking from cup and handle?
* Great earnings quarter over quarter
* Breaking out of IPO base (also shaped like cup and handle on the monthly chart)
* Very high 3-month relative strength of 8.43 in the Industrial sector
* Breaking out of an 18 month base with higher than average volume that recently created a cup and handle
* The red horizontal line indicates previous all time highs which was retested as support just recently
Trade Idea:
* Now's a great time to enter as the price is very close to the broken level.
* Due to current market conditions I wouldn't be surprised if we break back below $26.91 to around $26.52 before heading higher.
* Breaking out of IPO base (also shaped like cup and handle on the monthly chart)
* Very high 3-month relative strength of 8.43 in the Industrial sector
* Breaking out of an 18 month base with higher than average volume that recently created a cup and handle
* The red horizontal line indicates previous all time highs which was retested as support just recently
Trade Idea:
* Now's a great time to enter as the price is very close to the broken level.
* Due to current market conditions I wouldn't be surprised if we break back below $26.91 to around $26.52 before heading higher.