EPC has broken out of a descending wedge with bullish RSI divergence just looking for a retest of support and bounce for an entry.
Weekly 20 & 50 ema turned bullish for the first time since 2015. Weekly close above $37 for validation.
There is a new touch of the 200 day MA for EPC. Start watching for trendline breaks and take a look at the income statements and balance sheets. This company has better EBIT and less debt than last year. Some other fundamentals are less attractive: lower income from sales, negative return on assets and equity from last year, no dividends. But the less...
Exiting support structure; oscillators moving up.
TraderInsight's Adrian Manz added EPC to the short sale list for Friday's trading. The stock moved smoothly through the 61.89 short-sale entry price and closed out at 60.92. This was another example of the implosion principle playing out over multiple sessions. See how the trade played out at: traderinsight.com