dpuleo19

Alico Inc. $ALCO, inside bar signal

Long
dpuleo19 Updated   
NASDAQ:ALCO   Alico, Inc.
Alico Inc ALCO produces citrus fruit, while engaged in catle ranching and conservation. So is in the Agricultural Operations Industru Group and is Ranked #1 in Profit Margins. Although, for the six months ended 31 March 2022, Alico, Inc. revenues decreased 7%.

The thing is that the technicals are showing strength. With a IBD RS rating of 94, ths stock price is n a confirmed uptrend. Today's price range is inside the previous bar. A breakout above yesterday's range is a pretty good buy signal for me.

PS: IBD is signaling a confirmed uptrend in the ESM2022 .
Comment:
Failed breakout, lets wait a little more

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