EchoAlphaBravo
Long

BAH looking to breakout

NYSE:BAH   BOOZ ALLEN HAMILTON HLDG CORP
Shares of BAH look set to breakout and finally push thru the $40 level. It's currently in a rising wedge , and given geo-risk and defense sector strength, I like this name. I think $45 will come quick (161.8% extension) if shares breakout. Earnings aren't until May 21st, so I don't see much downside catalyst in the near term.

I want to give it time to work and limit risk, so I just bought June $45 calls for 20c.
Trade active: Shares closed at a new all time high today, so I want to see a few more closes up here to verify the breakout. I like it so far! Staying long. A break down or lower weekly close (week ending 4/20) would cause concern.
Trade active: This trade continues to advance. We have came within 3 cents of our first target (the 127.2% extension), and price action and volume suggest that this is just beginning. Staying long!
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