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Matson Stock In Ascending Triple Top Breakout

NYSE:MATX   MATSON INC
Matson stock has done an Ascending Triple Top Breakout. An Ascending Triple Top Breakout on a P&F chart is characterized by 5 columns. Of those 5 columns, three are X-Columns that ascend with each breakout, and the other two O-Columns are in-between the X-Columns.

Notice the P&F volume chart below that shows the buy side volume is climbing nicely as each previous top has been broke. Also, when the buy side volume flushes on a large spike, the stock pulls back. We have yet to have such a big buy side volume spike.

The quarterly EPS             growth year over year is a stunning 276.5%. What is really shocking though is the EPS             forecast hikes. About 60 days ago, the EPS             forecast was $0.32. About 30 days ago, that was raised to $0.55. That’s an incredible +71.8% increase in the EPS             forecast!

Source: https://www.guerillastocktrading.com/stocks/matson-stock-price-in-strong-uptrend/
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