The stock went through a pullback and consolidation phase, then broke higher again today, which prompted me to initiate a position.
Positives
- Price is above the 10, 20, 50, and 200 moving averages
- MACD is getting strength
- Breaks resistance
Negatives
- Volume did not increase that much
- MACD is in negative zone
- Resistance ahead
Trade Plan
- Stop loss: Intraday low
- Target: $91.74
