AAWW giving an entry opportunity before the next leg higher?
* Great earnings
* Earnings accelerating for the past three quarters
* High relative strength in the Industrial sector
* Mostly sideways price action historically but recently broke out of a multi year base that dates back to '08 ($66.45)
* Retested the broken multi-year base as support before continuing to make higher moves
* Sitting right above broken resistance of $85.77 with higher than average volume
Trade Idea:
* You can enter now if you don't mind a little volatility as the price is very close to the broken level
* Or, given the recent bases, this may consolidate for a few days near $85.77 as the volume starts to drop
* If you decide to wait, keep an eye out for an increase in volume before getting in.
* If this stock comes back on my radar I'll post about it as that would be a better entry; but for now, this is good.
* Earnings accelerating for the past three quarters
* High relative strength in the Industrial sector
* Mostly sideways price action historically but recently broke out of a multi year base that dates back to '08 ($66.45)
* Retested the broken multi-year base as support before continuing to make higher moves
* Sitting right above broken resistance of $85.77 with higher than average volume
Trade Idea:
* You can enter now if you don't mind a little volatility as the price is very close to the broken level
* Or, given the recent bases, this may consolidate for a few days near $85.77 as the volume starts to drop
* If you decide to wait, keep an eye out for an increase in volume before getting in.
* If this stock comes back on my radar I'll post about it as that would be a better entry; but for now, this is good.