SITE breaking out of a cup and handle!* Great earnings quarter over quarter
* Very strong up trend
* Breaking out of a cup and handle patter forming since early may of this year
* Very high relative strength over 3 months (57.1) in the Industrial sector
* Broke out with higher than average volume: 22.05%
Note:
* Given the market conditions it's better to book some profits earlier and let the rest of the position run.
SITE trade ideas
SITE (SiteOne Landscapr Supply)SiteOne Landscape Supply
SiteOne Landscape Supply, Inc. is a wholesale distributor of landscape supplies primarily in the United States. It provides irrigation supplies; fertilizer and control products such as herbicides; landscape accessories; turf protection products; grass seed; turf care equipment and golf course maintenance supplies and nursery goods as well as hardscapes, including pavers, natural stones, and blocks; outdoor lighting and ice melt products, as well as related value-added consultative services. SiteOne Landscape Supply, Inc. is headquartered in Roswell, Georgia.
Analysis/Commentary
Really strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Started the Quarter moving off the LOW point
- Entry at optimal Slo Stochastic point
- Expectation for the price to move to MID or HIGH point
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!