* Great earnings * Strong up trend * High relative strength in the Consumer Cyclical sector * Recently broke above a multi-year base at $50.32 * Has been basing ~8 months * Forming a tight consolidation at the right side of the base * Breaking out with higher than average volume * Maximum probable ROI on this trade would be ~29%
Trade Idea: * Now's the right time to enter as the price isn't too far away from the broken level. * If you're looking for a slight discount you can look for buying opportunities near the $66.62 area * A break and daily close below $66.62 would expose the $63.54 level as support.