ACN looks to have run really hot over the past few days. RSI is overbought (78) and the stock is trading almost 20% premium to its 200-day MA. It is also at the top of a rising wedge channel that it has been charting since March 2020.
The stock has many areas of support to trade down to, 280$ being the strongest of the lot. I would be adding significantly if it were to trade down to this level. Interestingly Volume has remained significant despite the ATHs.
I keep loving this name for long-term investment purposes.
Any thoughts? Thanks! (*This is not financial advice, for sake of discussion and illustrative purposes only*)
Comment
⋅
I keep being pleasantly surprised by the resilience of this stock..