Descending volume during formation
PPS above 50MA and 200MA
R/R ratio above 14, high
250RSI above 50
RS above 0, but a bit flat
PT = 167.05$
WSP has been here before. Pushing at a long-term resistance zone trying to breakout. So far, the breaks to the upside haven't been accompanied by much of a volume increase. I had to get out of this one last time when the price spiked but volume stayed low and the price collapsed back shortly after.
Trade entry and stop loss are hypothetical at this point. Likely...
WSP is moving out of a rounded bottom continuation pattern this morning, andd closing in on the 2018 highs. Swing trade possibility for an 8% to 15% run based on similar prior patterns.
That puts an initial target near $81 to $82. Trailing stop could be used in case we get a bigger run like in May/June 2018.
Careful: low volume stock. Earnings in early...