DY appeared on this weekends Ready List after forming a 3 weeks tight pattern that occurred shortly after breaking out from a short stroke pattern highlighted at the end of May. Here is an excerpt of the notes on DY from this weekend’s Ready List: PATTERN: 3 weeks tight PIVOTs(s): 60.82 SUPPORT: 58.45, 10ema, 21ema NOTES: DY recently formed and broke out of a...
Dycom Industries is one of those rare companies that can benefit from so many trends. They are an engineering and construction firm they do big scale work on everything from gas lines to cell-towers. The CMF (money flow) is improving nicely and a slight positive divergence has formed between the CMF and the price action. The EPS forecast for Dycom has been...