$RUSHA 1 Month #Rectangle @ ATHsNASDAQ:RUSHA is consolidating at ATHs forming a 1 month rectangle chart pattern. The $38.65 level been acting as resistance. A daily close about that level should propel the stock into higher prices and trigger a long swing trade entry.Longby TaPlot1
RUSHA EarningsIf trucking (KNX) is hitting record revenue, and UPS is setting record revenues, and truck manufacturers (PCAR) are setting record revenues, then it only goes to follow that truck dealerships should be doing fairly well in revenue.... Rush sells Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus, and Blue Bird. Taking a swing at earnings, modest target of 5 - 6% bump to $38 -39 area. Longby hungry_hippoUpdated 3
Rusha looks good (1)Rusha went down with the market, it dropped 31% and since has been consolidating. Recently it tested the 38 dollar price level and it showed strength. my strategy is two wait 1,5 month for extra consolidation then get ready to buy potential breakout. Second scenario is an ABCD pattern to the downside which would land us in the 30$ area and then i would buy for a bounce. Timing = -1 ( i think the overall market is in consolidation and stocks making new highs is less likely) Volume = 0 (recently the volume has been building but without much movement) Group strength = 1 (the industry index is doing well so i would assume these stock are stronger) Entry = 0 (i think the entry is okay for a breakout, in general i dont like to buy breakouts) Fractal = 1 ( Fractal supports a continued bull run)Longby adolphus533