Notes: * Strong up trend * Great earnings QoQ * Basing for the past ~8 weeks * Pulled back to its 50 day line and found support around the 18.17 area * Now coming up on the right side of its base with higher than average volume * Offering an early entry * Printed a Pocket Pivot, indicating institutional demand
Technicals: Sector: Technology - Communication Equipment Relative Strength vs. Sector: 5.94 Relative Strength vs. SP500: 5.88 U/D Ratio: 0.97 Base Depth: 15.74% Distance from breakout buy point: -5.99% Volume 88.56% above its 15 day avg.
Trade Idea: * Now's a great time to enter as it's just coming off of its 50 day line and also printed a pocket pivot. * Based on its prior performance, EXTR can go another ~17.6% from here. * If you're looking for a better entry you may be able to catch one around 19.3