SXP is showing signs of a bullish pennant breakout on the chart, which is a technical pattern that can indicate a continuation of the previous uptrend. This breakout has already been confirmed, suggesting that the stock could potentially move towards $1.
Traders who are interested in taking a long position on SXP may consider doing so now, while the stock is still trading at a relatively low price. It's important to set a stop loss at a reasonable level to manage risk, in case the stock doesn't perform as expected.
Remember: We only give ldea's from our experience and knowledge, it does not mean that it will be 100% correct, the market is always unpredictable, anything can happen anytime. Always trade with your own research and knowledge