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dhawkins88
Dec 20, 2019 7:02 PM

WWW - Price breakout out of consolidation Long

Wolverine World Wide, Inc.NYSE

Description

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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