FRC ready to move higher!

NYSE:FRC   First Republic Bank
* Excellent earnings
* Strong up trend
* High 3-month relative strength in the Financial sector
* Breaking out of a base on base pattern with higher than average volume
* Was consolidating for ~3 months prior to building another base

Trad Idea:
* Now's a great time to enter as the price is close to the broken level and volume is picking up as well.
* If you're looking for a slight discount you can look for buying opportunities near the $219.76 area

* A daily close below $219.76 would put the price back inside the range and expose $211.91 as support.
* Two or three consecutive days closing below $219.76 would negate the idea.
The general Financial sector seems to be taking a hit at the moment.


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