Anti-pipeline administructure means more natgas transport via rail. Infrastructure spending is also a tailwind for this stock, hopping on this train before it leaves the station
TA: A Cup and Handle, large open gap at $14.14. RSI recently oversold. IWM shaping up to rally to the end of the year. (+)
News: Infrastructure Deal being signed in the next few months, Earnings in November, surprise beat in August. (+)
FreightCar America, Inc.(NASDAQ:RAIL) surged 29.26% Friday on one of the heaviest volume sessions this month, with 16 million shares traded. The stock broke out of a key horizontal resistance line and closed slightly below the high of the day, which now represents the next resistance for the follow through move on Monday. If a breakout above this level occurs, we...
This replay is a demonstration of a Bollinger Band Squeeze. During the pullback the band contracts, then the upper bollinger band is touched on
high volume gap up, then a 3-1-2 up continuation on higher volume as the band expands, followed by a TD sell setup count up to 9. The quick
continuation on volume and band expansion is key
Simple
Heavy resistance break, strong bull pattern..week over week build up...Here comes the freight...damn boats stuck....double the runs to keep all coasts filled up with inventory.
Good luck, wait for entry point, day trade
Ascending Triangle, awaiting confirmation (61%)
Pros:
Descending volume during formation
Volume at break out
PPS above 50MA and 200MA
R/R ratio above 8
RS above 0 and ascending
200MA ascending
250RSI above 50 and ascending
ATR ascending
Target:
PT = 7.35$
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