Booz Allen Hamilton Holding Corporation - BHA
from the services sector
gap up, which broke a significant level five days ago.
It is still continuing a post-GAP rally. If this is the type of gap that I think is, we will expect further increases.
note the high volume, OBV supports the idea, RSI is high so there may be some declines before the expected continuation...
Shares of BAH look set to breakout and finally push thru the $40 level. It's currently in a rising wedge, and given geo-risk and defense sector strength, I like this name. I think $45 will come quick (161.8% extension) if shares breakout. Earnings aren't until May 21st, so I don't see much downside catalyst in the near term.
I want to give it time to work and...
Earnings season can be quite frustrating but with BAH we only have to wait for today's session to close before we can reassess it's worth. The earnings announcement is due before the markets open.
This stock hasn't been trading very long, so is not one I would normally consider. Volume is also low so for that reason I will most probably rule it out - for now....
Interesting look - could be a base-on-base which shows a strong stock waiting for the market to comply. If it does. there's a nice measured move that confirms above previous high
