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notprofessorgreen
Jul 11, 2022 9:31 AM

$AZN setting up for a double bottom breakout Long

AstraZeneca PLCNASDAQ

Description

AZN is back over its 10-daily and 10-week moving averages, coming out of a double bottom base. It's ranked highly in its sector (#1) in the IBD50 list and has a composite rating of 98. Whilst not showing any strong signs of institutional accumulation, it's demonstrating good relative strength and technicals. Entry point would be a close with good volume over $67.50
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