BobbySpa

VSTO - revisited

Long
NYSE:VSTO   Vista Outdoor Inc.
VSTO is still backing and filling and has given up most of the breakout but has held above the gap that it filled on the way up and has also held support that goes back to August. I recommended buying between $7.50 - $8.00 on December 3. Current price is a logical place for sideways consolidation action before next leg up above resistance. 50 day recently went through the 200 day. RSI and MACD appear to be ready for a turn. Like this to make a move up to the $11.76 area. Be patient but 2020 could be a very good year if VSTO can make a strong move up and out of the upper half of downtrend channel marked by the impulse leg that got it out of the bottom of the downtrend channel.
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