$KEX Kirby Corp
Big breakout today above recent resistance - once above $65 the move to $75 looks unobstructed.
🚨Unusual Options Activity🚨
14k April $75 calls bought today for $2.4M (95x open interest)
Near term target: $75.00
KEX beat its previous high on June of 20 as you can see with the horizontal price level.
It also had a breakout of a trend channel its been in since November of 20. Todays daily candle broke out of both trends with decent volumes. They also just had a good earnings call. This could be a strong breakout with the proper support and volume.
Hello traders, KIRBY CORP is in a fake downtrend with a doji accompanied by a sellers trace and a purchase volume returns made. In the TIMEFRAME M1 we observed a marubozu acceleration with a large volume executed it goes towards its next lowest which is in a bearish breaking gap. And being able to make a reversal, it is plausible to breakout the price and then at...
I think KEX will break out soon based on the triangle formation, but I am not sure in what direction. It also has a double top - so in the short term, I would go short.
Hi again! I'm liking this setup! Certainly won't be overnight, but I have a feeling we can punch through up to the 88-89 dollar range. With earnings out of the way, I can relax into this one.
Chart interest me too much not to publish an idea on this. Not taking action right this second
RSI and MACD likely test their supports here. If we bounce it is definitely a buy. I will take a teir 1 position at the least there.
RSI is in the right zone for a move higher here it seems.
Kirby Corp. shares have been trading lower for more than two months. A second downturn on the daily chart showed the formation of RSI divergence, which is a strong bullish signal. If the stock closes out the session above USD 88, there will likely be a bullish signal with a target price of USD 97.
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