MichaelGLamothe
Long

CSRA setting up in Bullish Flag

NYSE:CSRA   CSRA INC
44 0 2
CSRA caught my attention this afternoon as it consolidates on low volume in a tight controlled price range within a bull flag .

I discovered this candidate as it passed my high growth stock screens. Here's a link to what I screen for: https://chartyourtrade.com/how-to-scan-for-the-best-growth-stocks/

Since running up after earnings on 11/9 on heavy volume , it has spent the past 3 weeks tightening up on very low volume . For now, this is a sign that new buyers are not eager to take profits. As CSRA consolidates sideways, it gives the slower moving averages like the 21ema to catch up and form additional layers of support.

Right now I see a support layer at 30.77. This coincides closely with the current 21ema and where I'd look to place my initial stop.

Other things I like about this chart: the longer term moving averages (see weekly chart) have turned sharply higher. The RS             line is outperforming. And finally, the shorter term moving averages (see daily chart ) are layered on top of each other in order from shortest to longest. This shows that all trends are up at the moment.
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