* 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
Caution: * 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.
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The general Financial sector seems to be taking a hit at the moment.