* Strong earnings quarter over quarter * Strong up trend * Pays out dividends with a Payout ratio of 24.30% which means the company has a lot more room for growth * Broke of a 4 month consolidation out with higher than average volume (19.09%) * Making a new all-time-high * Probable ROI of 17.19% if the trade plays out in our favor
Trade idea: * $200.75 is expected to hold as support due to high volume breakout * This may come back to retest $200.75 area so if you're looking for a discount that may be a great entry point * Or you can buy in now and ride the trend if you can stomach a slight move down
A probable ROI of 17.19% would place the target at 240.03 area
Note: * This is also a great long term hold as it pays out dividends