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SCG breaks out on higher volume
SCG has spent the best part of 18 months trying to break out above the 2013 high. When it did so (in November 2014) the move was fairly clean but this was too soon to consider an entry (after such a long consolidation).
However, over the Christmas period there have been two very bullish bars - the first confirmed a small flag and the second was on higher volume. Overall, however, volume is on the low side.
Still, this stock has been trending well since breaking out of the consolidation zone. It's too early to tell how bumpy the ride might be with this one, but I expect it to continue higher over the longer-term.
However, over the Christmas period there have been two very bullish bars - the first confirmed a small flag and the second was on higher volume. Overall, however, volume is on the low side.
Still, this stock has been trending well since breaking out of the consolidation zone. It's too early to tell how bumpy the ride might be with this one, but I expect it to continue higher over the longer-term.
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