We have a dividend paying stock that has had some earnings
trouble in the last two quarters which has put this stock in a slump. For the short term, I'm currently looking at an improvement in relative strength
with increase in daily volume
along with a possible move above support. Earnings
are less than a month away and I'm not looking at this as an earnings
play. I'm simply looking at a possible reversal based on RSI
and strong volume
. I think it's worth watching at this point for a move over $136 which could propel this to the $145 to $146 level. My stop would be around $132. Trade safe.