Breakout in $SYY?

NYSE:SYY   Sysco Corporation
Certainly appears so, according to my crayon drawing... but in this market? I did not take the trade, not quite enough volume for me when my omnipresent device chirped for my attention... (Which means it has a greater likelihood of being a big winner because stocks I buy only go down and so on).

Anyways. I don't like that declining volume on the Weekly.

Today, 2/24, the Daily, volume was 28% above average which is encouraging. Also, it was an Inside Day today.

Sysco should be considered a COVID recovery play IMO. EPS re-accelerating. Revenues returning and possibly surpassing pre-pandemic levels.

RED FLAG WARNING- I haven't read the call, but I'm guessing they are fairly susceptible to inflation and margin pressure.

Maybe it's building a handle? Is that reserved only for cups?

Onto the Focus list it goes.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.