Consistent high/mid double-digit quarterly sales and earnings growth, along with high annual EPS growth estimates.
Weekly volume indicates substantial institutional accumulation.
Price has been tightening around the 10-week moving average on decreasing volume, with tight weekly closes (a good sign of accumulation)
As long as the price holds above the April 21 lows, I anticipate at least a mid-term bounce in the coming weeks. Or, potentially, a start of a new macro uptrend to retest 2021 highs.
Thank you for your attention and I wish you successful trading decisions!
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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.