The stock broke above the upper shadow from the past few days, and combined with yesterday’s strong volume and today’s price gain, it looks like the bulls are in control, so I decided to buy in.
Positives
- Price is above the 10, 20, 50, and 200 moving averages
- The MACD is gaining momentum.
Negatives
- 10 MA is below 20 MA and 50 MA
- 20 MA is below 50 MA
- MACD 26 and 9 are still negative
Trade Plan
- Stop loss: Intraday low
- Target: $40.98
