Symmetrical triangles are my least favorite trade setups but this one is catching my attention for 3 reasons:
1) Stock forming the triangle above all time high set back in 2017 (bullish)
2) 50 MA coming up to price (increasing probability of price resumption to the upside)
3) and volume pattern showing lots of accumulation
C A I International Inc (CAI)- LEASES...
$CAI has broken out to the upside on the news that the keep is evaluating its strategic options. Yesterday's news headline:
CAI International jumps (CAI +15.2%) as the company announces that it is exploring potential strategic alternatives to maximize stockholder value.
CAI has appointed Centerview Partners as its strategic financial advisor.
$CAI is trading at...
CAI International, Inc. is a transportation finance and logistics company, which engages in the provision of intermodal shipping containers. The company was founded by Hiromitsu Ogawa on August 3, 1989 and is headquartered in San Francisco, CA.