FreightCar America, Inc.(NASDAQ:RAIL) surged 29.26% Friday on one of the heaviest volume sessions this month, with 16 million shares traded. The stock broke out of a key horizontal resistance line and closed slightly below the high of the day, which now represents the next resistance for the follow through move on Monday. If a breakout above this level occurs, we...
This replay is a demonstration of a Bollinger Band Squeeze. During the pullback the band contracts, then the upper bollinger band is touched on
high volume gap up, then a 3-1-2 up continuation on higher volume as the band expands, followed by a TD sell setup count up to 9. The quick
continuation on volume and band expansion is key
Heavy resistance break, strong bull pattern..week over week build up...Here comes the freight...damn boats stuck....double the runs to keep all coasts filled up with inventory.
Good luck, wait for entry point, day trade
Ascending Triangle, awaiting confirmation (61%)
Descending volume during formation
Volume at break out
PPS above 50MA and 200MA
R/R ratio above 8
RS above 0 and ascending
250RSI above 50 and ascending
PT = 7.35$
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Currently in a downtrend on the Daily charts. I would not be in until it spent some time (week) above and held above $1.70
On smaller timeframes (1Hr or 4Hr) these could be considered in uptrends but those trends would be almost day trading and only have a holding period of days to a week or two, and would require more constant attention. At least checked when...
FreightCar America, Inc. manufactures railcars and railcar components. It designs and manufactures railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars. The company was founded in 1901 and is...