Price is attempting to breakout of a long term channel with a new up channel that can be seen along the white lines
If this breakout doesn't occur continuation along the original channel is likely.
Bullish
Weekly timeframe
DCO has a beautiful looking chart!
It has been in an uptrend channel since the beginning of 2017. (check chart for more details)
Earnings report trend are usually positive surprises, that have maintained the trend so far.
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I would consider entering a position if we brake SMA(50) on a daily chart, with strong volume. (currently at $45.3)
Have a great...
Huge beat on earnings resulted in break from long established congestion channel.
Stock is now overbought with rsi at 81 so expect slight pullback before looking for a entry
Company earnings
Ducommun (DCO +17.6%) reported Q4 revenue growth of ~14% Y/Y to $186.93M, and backlog of $910M, reflecting strong orders across numerous key platforms, particularly...
Always goes up on earnings then falters. Pretty long winning streak though, so I bought some calls.
The only thing that worries me here is A/D, and options have high premiums, so only 5 contracts on this one.
Earnings are always a crap shoot...
