$LSTR is showing signs of moving higher from its cup and handle!
Notes:
* Strong up trend on all time frames
* Good earnings track record QoQ with a few misses
* Basing for the past ~14 months
* Creating a cup and handle pattern on the weekly chart
* The handle pulled back to its 50 day line and used it as support
* It's now breaking out of the handle with higher than average volume on the weekly chart
* Offering an early entry along with a pocket pivot indicating institutional demand
Technicals:
* Sector: Industrials - Integrated Freight & Logistics
* Relative Strength vs. Sector: 1.75
* Relative Strength vs. SP500: 2.32
* U/D Ratio(50): 1.07
* U/D Ratio(15): 1.27
* Base Depth: 34.1%
* Distance from breakout buy point: -5.51%
* Volume 105.58% above its 15 day avg.
Trade Idea:
* You can enter now as it's just breaking out of its handle with higher than average volume
* If you're looking for a better entry you may find one around the 168.5 area as that could serve as intermediate support
* Strong up trend on all time frames
* Good earnings track record QoQ with a few misses
* Basing for the past ~14 months
* Creating a cup and handle pattern on the weekly chart
* The handle pulled back to its 50 day line and used it as support
* It's now breaking out of the handle with higher than average volume on the weekly chart
* Offering an early entry along with a pocket pivot indicating institutional demand
Technicals:
* Sector: Industrials - Integrated Freight & Logistics
* Relative Strength vs. Sector: 1.75
* Relative Strength vs. SP500: 2.32
* U/D Ratio(50): 1.07
* U/D Ratio(15): 1.27
* Base Depth: 34.1%
* Distance from breakout buy point: -5.51%
* Volume 105.58% above its 15 day avg.
Trade Idea:
* You can enter now as it's just breaking out of its handle with higher than average volume
* If you're looking for a better entry you may find one around the 168.5 area as that could serve as intermediate support
Penafian
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