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HaseebKhan_90
Jun 7, 2022 1:24 AM

$ASH ready to move higher? Long

Ashland Inc.NYSE

Description

Notes:
* Great earnings track record
* Very strong up trend
* Pays out dividends
* Breaking out of a ~7 month base with higher than average volume along with printing a pocket pivot

Technicals:
* Sector: Basic Materials - Chemicals
* Relative Strength vs. Sector: 4.49
* Relative Strength vs. SP500: 6.32
* U/D Ratio: 1.38
* Base Depth: 29.41%
* Distance from breakout buy point: 0.42%
* Volume 205.16% above its 15 day avg.

Trade Idea:
* You can enter now as the price is just breaking out with high volume
* If you're looking for a better entry you can look for one around the $108.63 area
* Manage risk accordingly
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