Chartimistic

USFD - A Nice Little Surprise Find

Long
NYSE:USFD   US Foods Holding Corp
This stock actually popped up on one of my daily scans that I run each day, and it came up on my BEARISH scan. However, once I zoomed out to the weekly chart I actually really like this as a weekly bullish play.

The weekly chart is trying to exit an oversold condition with little volume resistance overhead. It has broken out of a bullish wedge pattern after creating a bit of a flag pattern prior. I have my potential price targets noted on the chart. If you wanted a better entry, the price may fall for a little in the near-term as it did pop up on my bearish daily scan but I would definitely keep this on a watchlist.

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