Murphy USA Inc.Long
$MUSA coming up on the right side of its base!
Notes:
* Very strong up trend on all time frames
* Good earnings in the recent quarters
* Pays out dividends and has been increasing them recently
* Basing for ~4 months
* Held up incredibly well while the general market was taking a beating
* Printed a pocket pivot
Technicals:
Sector: Consumer Cyclical - Specialty Retail
Relative Strength vs. Sector: 1.92
Relative Strength vs. SP500: 2.38
U/D Ratio: 1.16
Base Depth: 19.38%
Distance from breakout buy point: -5.98%
Volume 2.99% above its 15 day avg.
Trade Idea:
* You can enter now as the price just tested its 50 day line as support and is now pushing higher with volume
* If you want a better entry you can look for one around the $241.94 area
* This stock usually has local tops when the price closes around 14.62% above its 50 EMA
* Consider selling into strength if the price closes 14.42% to 14.82% (or higher) above its 50 EMA
* The last closing price is 5.68% away from its 50 EMA
* Very strong up trend on all time frames
* Good earnings in the recent quarters
* Pays out dividends and has been increasing them recently
* Basing for ~4 months
* Held up incredibly well while the general market was taking a beating
* Printed a pocket pivot
Technicals:
Sector: Consumer Cyclical - Specialty Retail
Relative Strength vs. Sector: 1.92
Relative Strength vs. SP500: 2.38
U/D Ratio: 1.16
Base Depth: 19.38%
Distance from breakout buy point: -5.98%
Volume 2.99% above its 15 day avg.
Trade Idea:
* You can enter now as the price just tested its 50 day line as support and is now pushing higher with volume
* If you want a better entry you can look for one around the $241.94 area
* This stock usually has local tops when the price closes around 14.62% above its 50 EMA
* Consider selling into strength if the price closes 14.42% to 14.82% (or higher) above its 50 EMA
* The last closing price is 5.68% away from its 50 EMA
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