$RHI to head higher after breaking out of a tight 3week range?
* Great earnings
* Very strong up trend
* High 3-month relative strength of 1.41 in the Healthcare sector
* High U/D volume ratio of 1.51
* Breaking out of a very tight 3 week consolidation of ~3.85% with higher than average volume
* If you have access to Volume Profiles you can see that the $113.04 area has tonnes of volume.
* We can expect the $113.04 area to serve as support moving forward.
Trade Idea:
* Looking at the weekly, this seems like a great time to enter as it's recovering from the pull back.
* If you are looking for a better entry you can wait for an opportunity around the $113 area as that should serve as support moving forward.
* Very strong up trend
* High 3-month relative strength of 1.41 in the Healthcare sector
* High U/D volume ratio of 1.51
* Breaking out of a very tight 3 week consolidation of ~3.85% with higher than average volume
* If you have access to Volume Profiles you can see that the $113.04 area has tonnes of volume.
* We can expect the $113.04 area to serve as support moving forward.
Trade Idea:
* Looking at the weekly, this seems like a great time to enter as it's recovering from the pull back.
* If you are looking for a better entry you can wait for an opportunity around the $113 area as that should serve as support moving forward.
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