JimMakos

New high at UCBI stock chart

BATS:UCBI   UNITED CMNTY BKS BLAIRSVLE GA
126 0 3
http://goo.gl/cByTK6 Does that constitute a valid breakout though?

Is Breakout Trading so Simple as Finding new Highs at Charts?

In breakout trading we are looking for breakouts that occur at key support or resistance levels. Yet, it’s not the breakout itself that is the decisive factor for initiating a trade. It is actually *the significance of the failing level that matters the most*.

What do you think of today’s price action             regarding UCBI             stock? Is the breakout reliable enough to trade?
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