Breakout in $SYY?
Certainly appears so, according to my crayon drawing... but in this market? I did not take the trade, not quite enough volume for me when my omnipresent device chirped for my attention... (Which means it has a greater likelihood of being a big winner because stocks I buy only go down and so on).
Anyways. I don't like that declining volume on the Weekly.
Today, 2/24, the Daily, volume was 28% above average which is encouraging. Also, it was an Inside Day today.
Sysco should be considered a COVID recovery play IMO. EPS re-accelerating. Revenues returning and possibly surpassing pre-pandemic levels.
RED FLAG WARNING- I haven't read the call, but I'm guessing they are fairly susceptible to inflation and margin pressure.
Maybe it's building a handle? Is that reserved only for cups?
Onto the Focus list it goes.
Anyways. I don't like that declining volume on the Weekly.
Today, 2/24, the Daily, volume was 28% above average which is encouraging. Also, it was an Inside Day today.
Sysco should be considered a COVID recovery play IMO. EPS re-accelerating. Revenues returning and possibly surpassing pre-pandemic levels.
RED FLAG WARNING- I haven't read the call, but I'm guessing they are fairly susceptible to inflation and margin pressure.
Maybe it's building a handle? Is that reserved only for cups?
Onto the Focus list it goes.
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