$BAH is breaking out of a ~21 month long base! Can it go higher?
Notes:
* Strong up trend on the higher time frames
* Great earnings track record
* Broke out of a ~21 month long base
* Higher than average weekly volume and coming off from its 10 week line
* Also breaking out of a smaller consolidation of ~12 weeks
* Gaped up a couple of days ago and is now coiling
* Broke historical resistance around the $97 area
Technicals:
Sector: Industrials - Consulting Services
Relative Strength vs. Sector: 3.15
Relative Strength vs. SP500: 2.07
U/D Ratio: 1.37
Base Depth: 7.78%
Distance from breakout buy point: 0.23%
Volume 55.27% above its 15 day avg.
Trade Idea:
* Now's a great time to buy since the price is just breaking out and is close to the break point
* If you're looking for a better entry you may look for one around the ~97.85 area as that should hold as support
* Strong up trend on the higher time frames
* Great earnings track record
* Broke out of a ~21 month long base
* Higher than average weekly volume and coming off from its 10 week line
* Also breaking out of a smaller consolidation of ~12 weeks
* Gaped up a couple of days ago and is now coiling
* Broke historical resistance around the $97 area
Technicals:
Sector: Industrials - Consulting Services
Relative Strength vs. Sector: 3.15
Relative Strength vs. SP500: 2.07
U/D Ratio: 1.37
Base Depth: 7.78%
Distance from breakout buy point: 0.23%
Volume 55.27% above its 15 day avg.
Trade Idea:
* Now's a great time to buy since the price is just breaking out and is close to the break point
* If you're looking for a better entry you may look for one around the ~97.85 area as that should hold as support