MichaelGLamothe

ABCB looking ready to break out of a flat base

NASDAQ:ABCB   AMERIS BANCORP
31 3 3
There are a few things I like about this setup:
  • All moving averages are accelerating
  • The RS             line is near highs
  • Price action is tightening as we approach the pivot
  • Clear support along the 50dma so far
  • Strong industry group (top 50 per IBD) and other stocks setting up within the group
  • Earnings is already out of the way

I see the pivot as being the recent high of 36.31 and the nearest support level as 35. There is an ascending trend line drawn on the daily chart which also seems to be offering an area of support.
Michael - great call a few weeks ago. $ABCB has really taken off.
Reply
What a run for ABCB. $36 to $47
Reply
@NJgolfer, looks like it still wants to move higher to me. I've scaled back and locked in gains on much of it but would consider adding if a fresh setup forms.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out