So on a weekly time frame , you have a pretty well testing bottom level but an ascending top level.they a 1 cent surprise last and a higher dividend yield. it also barely sold off on earning announcement which is usually very in stocks. (normal pattern is earning release, sell , buy back after dividend)
The chart pattern itself generally would qualify as an ascending wedge/ . is ahead of the MA by a large margin, which is also usually really .
I am a little suspicious though for a long term hold. its really following the index price line right now , ref: $NQ. So i have to wonder how much of this 6 dollar gain is the index and not the company itself. However, US dollar is in mode and everything balanced in USD gets to take advantage of that, this includes stocks.
A safe trades might be:
- buy the break out at 58.19 w/ a stop at 57.35
- wait for a level test and buy like ~ 57.10 stop like 56.5
and if you really want to
- short the descending stop like 58.5