Closed Emera (EMA) Swing Trade But Still Like the Chart

Emera has been a strong performer, pushing higher throughout the broader market turmoil. The stock hit my target of $55.96 today so I closed out the position, but the chart is still looking good.

It broke out of a range today, on strong volume , indicating there could be another push to the upside. That provides a target of $58.50 to $59.

Earnings are due out on August 12, so that's another reason I am fine to step aside for now.

Disclosure: no current position, but may re-enter following earnings if the chart still sets up well.

Cory Mitchell, CMT
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