Agilysys ($AGYS) is showing tremendous strength here. After news the company inked a property management deal with Marriott last month, shares surged 33% in 2 days with minimal retracement.
AGYS is now forming a small consolidation base in the $76-$80 range and holding its 10-day moving average (yellow line).
I am taking a small pilot position here with a stop...
Haliburton is setting up in a volatility contraction pattern trying to break out higher. There is supply at the $40 level, so I want to buy on a pullback off that level to create a profit cushion in case it fails there again.
There is also a longer-term cup with handle pattern here with $40 being the top of the handle.
Volume is drying up in the base which...