$UTI forming 3 months #rectangle #consolidation #ChartPattern

UTI has been moving sideways for 3 months forming a well defined rectangle chart pattern. The stock has tested the $7.75 price level 5 times in the last few weeks. A break and daily close above that level sets the stock for a run to its chart pattern price target around $9.50, a 21% price increase from breakout level. Earnings coming up in 2 days. Add this stock to your watch list and look for long entry on breakout post earnings.