HaseebKhan_90

Is $CAL ready to push higher?

Long
NYSE:CAL   Caleres, Inc
Notes:
* Strong up trend
* Great earnings
* Breaking out of a ~13 month base with higher than average volume
* Forming a bull flag

Technicals:
Sector: Consumer Cyclical - Footwear & Accessories
Relative Strength vs. Sector: 2.2
Relative Strength vs. SP500: 3.32
U/D Ratio: 1.52
Base Depth: 56.68%
Distance from breakout buy point: 2.22%
Volume 45.81% above its 15 day avg .

Trade Idea:
* You can enter now as the price is just breaking out of the $27.92 resistance area
* Or you can wait for a break above the bull flag
* Or if you want a better entry you can look to enter around the 27.8 area

* This stock usually has local tops when the price closes around 25.12% above its 50 EMA
* Consider selling into strength if the price closes 24.92% to 25.32% (or higher) above its 50 EMA
* The last closing price is 11.57% away from its 50 EMA

* Historical resistance comes around 29.85 and above that around 33.6
* Be on the lookout around 29.85

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.