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cdickersonjr
Dec 31, 2021 7:30 PM

DAC Breakout Long

Danaos CorporationNYSE

Description

DAC currently breaking out on the last day of the year

This breakout is with low volume, so there are some concerns for taking this trade. But there are some buy signals showing up..

Entry would be now before close, or be patience and wait to see if it clears the 100 MA

Entry - $75.50
Target - $89
Stop - 2 ATR = 6 ($69.00)

Risk to Reward - 2:1
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