$EXLS is leading in the tech sector. Is it ready to go higher?
Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Breaking above historical resistance of 145.21 with higher than average volume
* Very close to its 50 day line
* Offering a low risk entry
Technicals:
Sector: Technology - Information Technology Services
Relative Strength vs. Sector: 1.04
Relative Strength vs. SP500: 1.03
U/D Ratio: 1.38
Base Depth: 20.34%
Distance from breakout buy point: -5.99%
Volume 45.0% above its 15 day avg.
Trade Idea:
* You can enter now as it's breaking above historical resistance with higher than average volume
* If you're looking for a better entry you can look for one around the $143 area as that should serve as short term support
* This stock usually has local tops when the price closes around 10.77% above its 50 EMA
* Consider selling into strength if the price closes 10.57% to 10.97% (or higher) above its 50 EMA
* The last closing price is 1.9% away from its 50 EMA
* Very strong up trend on all time frames
* Great earnings track record
* Breaking above historical resistance of 145.21 with higher than average volume
* Very close to its 50 day line
* Offering a low risk entry
Technicals:
Sector: Technology - Information Technology Services
Relative Strength vs. Sector: 1.04
Relative Strength vs. SP500: 1.03
U/D Ratio: 1.38
Base Depth: 20.34%
Distance from breakout buy point: -5.99%
Volume 45.0% above its 15 day avg.
Trade Idea:
* You can enter now as it's breaking above historical resistance with higher than average volume
* If you're looking for a better entry you can look for one around the $143 area as that should serve as short term support
* This stock usually has local tops when the price closes around 10.77% above its 50 EMA
* Consider selling into strength if the price closes 10.57% to 10.97% (or higher) above its 50 EMA
* The last closing price is 1.9% away from its 50 EMA