HaseebKhan_90

$MRTN breaking out of a 20 month base but can it hold?

Long
NASDAQ:MRTN   Marten Transport, Ltd
* Exceptional earnings
* Very strong up trend on the monthly time frame
* Sector: Industrials - Trucking
* Relative Strength vs. Sector: 2.32
* Relative Strength vs. SP500: 1.44
* U/D Ratio: 1.08
* Base Depth: 30.17%
* Distance from breakout buy point: 0.43%
* Volume 38.37% above its 15 day average
* Breaking out of a ~20 month base with volume

Trade Idea:
* It seems a bit extended on the weekly time frame (Also on the daily) so you can look for opportunities around the $18.2 area as that should serve as short term support.
* You can also wait for buying opportunities around the $17.7 area.

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