The MACD turned positive, and the 10-day, 20-day, 50-day, and 200-day moving averages were all trending upward. The stock price also appeared to be breaking out of its consolidation range, so I decided to buy in.
Positives
- Price is above the 10, 20, 50, and 200 moving averages
- The MACD is turn positive.
Negatives
- Volume did not increase
Trade Plan
- Stop loss: Intraday low
- Target: $137.13
