Reatil leaders, looks like $TLYS is going for it
The chart is really looking good. Confirmed uptrend with a VCP formation while above its moving averages accompanied with decreasing volume. Also, it has a very good IBD Relative Strenght rating, 92 points. For me is a good stock to buy but I'm being very carefull, there has been a bunch of failed breakouts lately so wait for confirmation. I'll wait for the breakout AND how it closes on the day it makes that breakout. If the volume is high and it close above with strength then I'm buying but, with half of my position size.
After that I'll keep a close eye on the next week of trading counting the up days vs the down days. If everything looks good I'll let it run if not, I can sell half the position or the entire position. Only if the stock follows through on increased volume I would add to the position.
After that I'll keep a close eye on the next week of trading counting the up days vs the down days. If everything looks good I'll let it run if not, I can sell half the position or the entire position. Only if the stock follows through on increased volume I would add to the position.
Komen:
+12% return since I published this analisys, to bad I didn't buy