dhawkins88

WWW - Price breakout out of consolidation

Long
NYSE:WWW   Wolverine World Wide, Inc
WWW showing bullish signs for a long position as price has broken out and held so far above $34, with a gap fill above looming. Newly over the 50 and 200 Day moving averages, a tight stop on this trade presents a great opportunity for high reward to risk ratio.

I can see both a cup and handle breakout, as well as an inverted head and shoulders pattern breakout. In my opinion, the more these align, the stronger the setup.

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