NYSE:MCD has been trading tight, breaking through its' pivot on 7/20. I was able to get a tidy 3.42% risk entry so I opened a full position.
She tried to follow through to all time highs early this morning but throughout the course of the day the price pulled back into the base. I didn't get a follow through but the market was knocking down most breakouts today,...
There are a few things going on here that I think make RMD a breakout candidate.
The stock is trading above its' 50 day moving average and around the 20 day moving average. A breakout should pull it well above the 20 day.
The correction here was shallow, maybe even a bit too shallow at 8.7%. The base is also shallow and has just two tiers. The first tier narrows...
Bought into NVTA today looking for a breakout soon. The share price was trading in a tight range and volume had dropped to a low level simultaneously. There is also evidence of institutional accumulation.
Today was a down day for the market on the whole and NVTA was no different. Even though the price was down 4.28% it wasn't down on heavy volume, so that's...
