Breakout in LRN

NYSE:LRN   Stride, Inc.
Stride (LRN) is an early-stage turnaround opportunity setting up in a textbook consolidation pattern.

Pullbacks have shrank from 28% to 9% as volatility compressed into a tradeable window. There was clearly heavy supply at the $36 mark, but it appears buyers have now worked their way through it, creating a "line least resistance" as Jesse Livermore would say at that level.

LRN should now be free to move higher, and even a slight increase in demand will likely have cause a significant rise in price.

I shared this idea last week and wanted to update the trade idea now that it has hit my entry trigger.

I am working a stop below last week's range at 32.60.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.