$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
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.