Looking at the weekly or even monthly charts you can see that the company is consistently doing really well.
Give or take, WMS has been consolidating since the beginning of this year and is now positioning itself for a breakout.
The breakout from $113.81 was one with a lot of buying pressure and shows demand for this company.
However, I do think that WMS may come back to retest the $114 to $115.25 area before going for the breakout.
Final notes:
* Solid up trending stock
* Ready for breakout given the buying pressure
* If you want to get in early (before the breakout), look for buying opportunities around the $114 to $115.25 range
* If you want to be conservative, wait for a break and close above the all-time-high of $117.89
* Great for long term hold as it gives dividends as well.
Give or take, WMS has been consolidating since the beginning of this year and is now positioning itself for a breakout.
The breakout from $113.81 was one with a lot of buying pressure and shows demand for this company.
However, I do think that WMS may come back to retest the $114 to $115.25 area before going for the breakout.
Final notes:
* Solid up trending stock
* Ready for breakout given the buying pressure
* If you want to get in early (before the breakout), look for buying opportunities around the $114 to $115.25 range
* If you want to be conservative, wait for a break and close above the all-time-high of $117.89
* Great for long term hold as it gives dividends as well.
Comment:
WMS came back and gave multiple buying opportunities around the $114 area and now broke out with relatively more volume
