SCI: Service Corporation International Possible 10%+
Babyboomer play, SCI provides funeral and cremation services in 45 states and 8 Canadian providences. Will be willing to hold equity long-term with 1.88% div. After techs hit today I am looking for companies outside of tech. Earnings 7/30 Est: 0.43
MACD(12, 26, 9): weekly crossing showing bullish movements, very similar to a previous breakout also shown on the chart.
Trendlines: Broke out of an upward wedge in February, and started trading in a downward wedge/channel. The stock recently broke this downtrend, looking very similar to past breakouts.
Momentum: Stock is gaining on the daily chart and currently sitting positive on the weekly.
Looking for $40 as first target $43 is the second, stop at $35
MACD(12, 26, 9): weekly crossing showing bullish movements, very similar to a previous breakout also shown on the chart.
Trendlines: Broke out of an upward wedge in February, and started trading in a downward wedge/channel. The stock recently broke this downtrend, looking very similar to past breakouts.
Momentum: Stock is gaining on the daily chart and currently sitting positive on the weekly.
Looking for $40 as first target $43 is the second, stop at $35
Comment:
Beat on earnings and rev. +6%
Comment:
Closed out half on friday, going to increase again when technicals permit