MRCY
Mercury Systems is breaking out $MRCY$MRCY is breaking out the pivot. However, there are two things to watch out. One is RSI which is still under the trendline and the other is volume that is also under average. It matters how it will close by Friday
Long
MRCY - Momentum Long from $33.47 as it Breaks Major resistance MRCY was found in breakout scan which is involved Defense and intelligence programs in the US. It Broke out of Major long term resistance with huge volume. We think if it can break $33.47 it can reach to $40 area shortly.
* Trade Criteria *
Date first found- January 25, 2017
Pattern/Why- Broke out of Major long term resistance
Entry Target Criteria- Break of $33.47
Exit Target Criteria- Momentum ($39-$40 area)
Stop Loss Criteria- $31.77
(Note: Trade update is delayed here.)
Long