Notes: * Very strong up trend on all time frames * Good earnings in the recent quarters * Pays out dividends and has been increasing them recently * Basing for ~4 months * Held up incredibly well while the general market was taking a beating * Printed a pocket pivot
Technicals: Sector: Consumer Cyclical - Specialty Retail Relative Strength vs. Sector: 1.92 Relative Strength vs. SP500: 2.38 U/D Ratio: 1.16 Base Depth: 19.38% Distance from breakout buy point: -5.98% Volume 2.99% above its 15 day avg.
Trade Idea: * You can enter now as the price just tested its 50 day line as support and is now pushing higher with volume * If you want a better entry you can look for one around the $241.94 area * This stock usually has local tops when the price closes around 14.62% above its 50 EMA * Consider selling into strength if the price closes 14.42% to 14.82% (or higher) above its 50 EMA * The last closing price is 5.68% away from its 50 EMA