EMC: Bullish Breakout
-Shares completed a multi-week double bottom
-Bullish Outside bar breaks neckline of the double bottom
-Decent volume on break
-If price manages to hold above the 52 week average this week as well, that would increase the chances of further upside over the medium term.
-A potential upside target could be at 2013 highs near 27.30
-25.45 is another overhead resistance to watch
-Bullish Outside bar breaks neckline of the double bottom
-Decent volume on break
-If price manages to hold above the 52 week average this week as well, that would increase the chances of further upside over the medium term.
-A potential upside target could be at 2013 highs near 27.30
-25.45 is another overhead resistance to watch