davvito

Channel breakout

NYSE:NEWR   NEW RELIC INC
Finally broke out of the channel its been in for about 3 months. Hope to see more new highs in the coming week.
The market in general closed all time high today. This stock might be getting push from that - in that case it will just return to the channel in the coming weeks.
The stock did not see significantly higher volume when it broke out to new high - volume was same as average volume - means no new buyers/news etc.
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