EPAM breaks out on huge volume
I like this trade for several reasons:
1. Large breakout volume
2. Flat tight base (8.5% base)
3. Closed high in day range on breakout day
4. Stage 2 base
5. Still in 5% buy range from buy point ($63.60)
Fundamentally, there isn't consecutive quarters of earnings acceleration.
1. Large breakout volume
2. Flat tight base (8.5% base)
3. Closed high in day range on breakout day
4. Stage 2 base
5. Still in 5% buy range from buy point ($63.60)
Fundamentally, there isn't consecutive quarters of earnings acceleration.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.