UMBF breaking out of an 11 month base!
* Great earnings
* Strong up trend
* High 3-month relative strength in the Financial sector
* Breaking out of a ~11 month base with higher than average volume
* Originally broke out last month but due to the market conditions it had a very slight pull back
* During the pull back it held up very well relative to the general market conditions.
* Maximum probable ROI is ~24.16% if the trade goes in our favor
Trade Idea:
* This is another breakout attempt after the general market is showing signs of recovery.
* Now's a great time to enter as the price is very close to the broken resistance and it's EMA's
* Weekly chart is also showing signs of the price being ready to move higher.
* Strong up trend
* High 3-month relative strength in the Financial sector
* Breaking out of a ~11 month base with higher than average volume
* Originally broke out last month but due to the market conditions it had a very slight pull back
* During the pull back it held up very well relative to the general market conditions.
* Maximum probable ROI is ~24.16% if the trade goes in our favor
Trade Idea:
* This is another breakout attempt after the general market is showing signs of recovery.
* Now's a great time to enter as the price is very close to the broken resistance and it's EMA's
* Weekly chart is also showing signs of the price being ready to move higher.