Notes: * Great earnings in the recent quarters * Strong up trend in the long run * Price has been increasing along with volume * Breaking out of a ~7 month base with higher than average volume * Also breaking out with a pocket pivot Technicals: Ticker: $WCC Sector: Industrials - Industrial Distribution Relative Strength vs. Sector: 86.62 Relative Strength vs....
$WCC is an example of how I would play a trendline break. Needs to break the down trend and form a cheat after that. Trigger is the high of the cheat area. $WCC looks good
AXE,WCC: WESCO International, Inc. 2019-12-24 06:30:00 WESCO International, Inc. Confirms Proposal to Acquire Anixter International Inc.
Entry level $55.86 = Target price $58.73 = Stop loss$55.22 Bullish golden cross. Break from downtrend. Rising RSI and Stochastic. P/E ratio 10.70 Company profile WESCO International, Inc. is a holding company, which engages in the provision of electrical, industrial, and communications maintenance, repair & operating and original equipment manufacturers products....
Areas of resistance to watch $55.57-$58.82. Reversal on all indicators. Golden cross buy signal. P/E ratio 10 WESCO International, Inc. is a holding company, which engages in the provision of electrical, industrial, and communications maintenance, repair & operating and original equipment manufacturers products. It also offers construction materials, and supply...
NYSE:WCC sitting at the top of a channel. Puts could make money here.
I will look for long above 70.35. Idea is break above daily consolidation and bounce from support area...more explanations are here tinyurl.com