iAnneTrader

SEE breaks free of consolidation

Long
NYSE:SEE   Sealed Air Corporation
SEE is a stock which hasn't been on my watchlist before. Earlier this year it broke the 1998 high - having been in a long and deep range since then.

It has only been trading above $35 for a couple of months so it is too early to see what type of trend is developing, but so far it looks to be entering a new phase. It is now trading above $40, so has cleared the 1998 high, and is displaying all the hallmarks of a good linear uptrend.

This is new territory for this stock so I will be watching with interest. I will wait to see if it can break $50, for a longer-term opportunity, by which time we should have a better idea of how this stock behaves. But if a near-term opportunity presents itself before that I may well consider it.