BREAKOUT WATCH for possible breakout above 38.91, no resistance in area just above.
Type: True breakout from triple resistance.
Target: 41.99, 8.9% Stop: 37.47, Loss: 2.8%, Profit/Loss ratio: 3.2 : 1 - Excellent
CURRENT PRICE 38.56, at resistance, 38.26 ± 0.65, type triple, strength 10
RESISTANCE ABOVE None.
SUPPORT BELOW -4.1% at 36.98 ± 0.63, type triple, strength 5
-7.4% at 35.72 ± 0.61, type triple+, strength 10
-13% at 33.55 ± 0.57, type double, strength 10
An intraday trade at $40.01 will trigger the triple top breakout buy signal on the classic P&F. This same chart shows a prelim PT of $62 already. A close today (9/6) above $38.75 (the 4/25 close) is great entry point for playing this breakout.
The prices at zero 10,20,30 etc are always strong levels of activity for ALMOST any stock.If it closes above 40
two or more days in a week the buyers as a group are adjusting the price in their targets and plans for future movement.This is especially true close to options expiration.