Notes:
* Great earnings in the recent quarters
* Strong up trend in the long run
* Price has been increasing along with volume
* Breaking out of a ~7 month base with higher than average volume
* Also breaking out with a pocket pivot
Technicals:
Ticker:
WCC
Sector: Industrials - Industrial Distribution
Relative Strength vs. Sector: 86.62
Relative Strength vs. SP500: 54.48
U/D Ratio: 1.05
Base Depth: 31.68%
Distance from breakout buy point: 2.1%
Volume 64.84% above its 15 day avg.
Trade Idea:
* You can enter now as the price just broke out of the base and is still close
* If you're looking for a better entry you can look for one around the $139.2 area as that should serve as short term support
* Manage risk accordingly
* Great earnings in the recent quarters
* Strong up trend in the long run
* Price has been increasing along with volume
* Breaking out of a ~7 month base with higher than average volume
* Also breaking out with a pocket pivot
Technicals:
Ticker:
WCCSector: Industrials - Industrial Distribution
Relative Strength vs. Sector: 86.62
Relative Strength vs. SP500: 54.48
U/D Ratio: 1.05
Base Depth: 31.68%
Distance from breakout buy point: 2.1%
Volume 64.84% above its 15 day avg.
Trade Idea:
* You can enter now as the price just broke out of the base and is still close
* If you're looking for a better entry you can look for one around the $139.2 area as that should serve as short term support
* Manage risk accordingly
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.