Here's a current example of a textbook setup.
The fundas are all there:
Industry group RS = 87
Stock RS = 83
Earnings RS = 70 (this is lower than the preferred
norm).
All ranks are A & B, wherever numbers are not assigned
(accumulation, SMR etc).
2 consecutive qtrs of rising revs, even though earnings are
not showing the impact yet.
The technicals are also perfect: 8+ week base, breakout on
volume about 4x 50 day avg volume, a consolidation handle on lesser volume just
under $50 which also looks like a bull flag on the daily.
Now note the comments on the weekly chart.
And pray tell me, where should one buy this stock - after the
breakout or at support?
Gitanshu
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