CubeSmart $CUBE breakouts after VCP
Updated
CubeSmart is a real estate investment trust that invests in self storage facilities. It rents spaces for individuals and businesses of all kind.
Since september the price its been forming a volatility contraction pattern (VCP) with a footprint of 13W - 13/4 - 4T. Today made the breakout with good volume and high close. But, as the market hasn't been respecting breakouts, I started small by buying just 1/3 of my position sizing. If the stock follows through, I'll add to my position.
CUBE respects my trend template, confirmed by IBD with a 92 relative strength rating. Is also respecting the Code 33: three quarters of accelerating earnings, sales and profit margins.
Since september the price its been forming a volatility contraction pattern (VCP) with a footprint of 13W - 13/4 - 4T. Today made the breakout with good volume and high close. But, as the market hasn't been respecting breakouts, I started small by buying just 1/3 of my position sizing. If the stock follows through, I'll add to my position.
CUBE respects my trend template, confirmed by IBD with a 92 relative strength rating. Is also respecting the Code 33: three quarters of accelerating earnings, sales and profit margins. Trade closed: stop reached
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