iAnneTrader

BR retests $50 and continues uptrend

Long
NYSE:BR   Broadridge Financial Solutions, Inc
BR is a low volume stock I would not trade. But it is trending well so may be of interest to those of you who are happy/able to consider a position here.

This stock has been trending fairly well since breaking out of the 2007-2013 consolidation at just above $25. Price action can be a little unpredictable but this is to be expected with a low volume and fairly low priced stock. While price continued to rise in 2014 it did so slowly due to several deep and prolonged pullbacks.

Since the beginning of January 2015 the uptrend has again become established. The daily 50ma is acting as support and price has passed and retested the $50 half figure zone. Yesterday saw a breakout bar on higher volume so we should expect to see further strength to the upside.