General Info:
* Great earnings quarter over quarter
* Strong up trend
* Looking to break from ~4 month consolidation
* Volume drying up as it approaches resistance of $154
Trade idea:
* Wait for a daily close above $154 for a confirmation.
* Even after the break this may consolidate for a while as it's drying up on volume
* Or it may consolidate for a while before making a clear break higher.
In either case, this may make a cup and handle pattern before heading higher.
This is one to keep an eye on!
Note:
* Given its growth, this is a great long term hold as well as it pays out dividends with a Payout ratio of 40.10%; this means that the company has a lot more room to grow and possibly increase dividends as well.
* Great earnings quarter over quarter
* Strong up trend
* Looking to break from ~4 month consolidation
* Volume drying up as it approaches resistance of $154
Trade idea:
* Wait for a daily close above $154 for a confirmation.
* Even after the break this may consolidate for a while as it's drying up on volume
* Or it may consolidate for a while before making a clear break higher.
In either case, this may make a cup and handle pattern before heading higher.
This is one to keep an eye on!
Note:
* Given its growth, this is a great long term hold as well as it pays out dividends with a Payout ratio of 40.10%; this means that the company has a lot more room to grow and possibly increase dividends as well.
