$GOGL ready for the next leg higher?

NASDAQ:GOGL   Golden Ocean Group Limited
* Great earnings in the recent quarters
* Strong up trend in the recent years
* Sector: Industrials - Marine Shipping
* Relative Strength vs. Sector: 37.17
* Relative Strength vs. SP500: 9.02
* Very strong stock in the sector as well as against the SP500
* U/D Ratio: 1.48
* Base Depth: 10.26%
* Distance from breakout buy point: 0.33%
* Volume 15.45% above its 15 day average
* Created a base for about 8 months before breaking out from $9.86
* Moved up ~26% before creating another base for the past ~5weeks and is now breaking out again

Trade Idea:
* Now's a great time to enter as the price is just breaking out.
* The high U/D Ratio of 1.48 shows that the stock is being accumulated


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