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HaseebKhan_90

CPRT breaking out!

Long
Copart, Inc. (NASDAQ:CPRT)  
HaseebKhan_90 Updated   
NASDAQ:CPRT   Copart, Inc.
Trend Analysis Chart Patterns buysignal buysetup buyzone resistancebroken consolidation-breakout
3
0
trendanalysis chartpattern buysignal buysetup buyzone resistancebroken consolidation-breakout
* Great earnings
* Very strong up trend
* High RS in the Industrials sector
* Breaking out of a ~3 month consolidation with higher than average volume (21.37%)

Trade idea:
* You can enter now as indicated since the price is very close to the broken level
* Or you can wait for a day or two to see how this plays out.
* Looking at the weekly chart it seems like CPRT may consolidate above the broken level before moving higher.
Comment:
CPRT is offering another great entry before heading higher. If you're not already in this and are thinking about getting in you can use the following criteria

For $1000 you can get 5.0 shares at $155.74
A stop loss placed at $145.74 would risk $50.0
A 2:1 target would be at $175.74

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HaseebKhan_90
CPRT ready to move higher?
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