HaseebKhan_90

$CMC breaking out of a ~7 month base!

Long
NYSE:CMC   Commercial Metals Company
* Great earnings
* Strong up trend in the long term
* High 3-month relative strength of 1.08 in the Basic Materials sector
* Pays out dividends
* Breaking out of a ~7 month base with higher than average volume
* Broke out earlier but due to current market conditions it did have a slight pull back and now is breaking out once again.
* It did, in the recent months, break out of a multi-year base

Trade Idea:
* You can look to enter at today's closing price.
* If you want a better entry you can look for an opportunity around the $36.33 area