Flat Base in STZ a Cautious Buy

Reasons to Buy
  • Strong Annual Earnings
  • Strong volume buildup
  • Leader in a top industry
  • Strong compared to SPY
  • Strong pattern (See chart for details)


Reasons to tread with caution
  • Market not in an uptrend currently
  • Week could close below breakout point
  • Prior uptrend not above 30% (but strong uptrend overall suggests this is ok)

Penafian