$GPC looking to break out of its base!
Notes:
* Very strong up trend on all time frames
* Great earnings in the recent quarters
* Coming up on the right side of its ~7 month base with higher than average volume
* Creating an ascending triangle pattern (bullish)
* Printed a pocket pivot
Technicals:
Sector: Consumer Cyclical - Specialty Retail
Relative Strength vs. Sector: 1.23
Relative Strength vs. SP500: 1.34
U/D Ratio: 1.34
Base Depth: 21.15%
Distance from breakout buy point: -3.31%
Volume 14.28% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just above its 50 day line and the price printed a pocket pivot
* If you're looking for a better entry you can look for one around the ~135.50 area
* This stock usually has local tops when the price closes around 9.65% above its 50 EMA
* Consider selling into strength if the price closes 9.45% to 9.85% (or higher) above the 50 EMA...
* The last closing price is 2.6% away from its 50 EMA
* Very strong up trend on all time frames
* Great earnings in the recent quarters
* Coming up on the right side of its ~7 month base with higher than average volume
* Creating an ascending triangle pattern (bullish)
* Printed a pocket pivot
Technicals:
Sector: Consumer Cyclical - Specialty Retail
Relative Strength vs. Sector: 1.23
Relative Strength vs. SP500: 1.34
U/D Ratio: 1.34
Base Depth: 21.15%
Distance from breakout buy point: -3.31%
Volume 14.28% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just above its 50 day line and the price printed a pocket pivot
* If you're looking for a better entry you can look for one around the ~135.50 area
* This stock usually has local tops when the price closes around 9.65% above its 50 EMA
* Consider selling into strength if the price closes 9.45% to 9.85% (or higher) above the 50 EMA...
* The last closing price is 2.6% away from its 50 EMA
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