-Power Earnings Gap
-Huge volume on the right side
-Quiet volume as it pulls back + consolidates (just needs a little push of demand)
-Beat earnings - triple digit earnings, double digit sales
Setup Grade: 'A' Tier
-Bounced off 50sma
-Bounced of 21ema
-Cleared little cheat area w/ volume over 50sma
-Cleared new highs w/ avg. volume
-Beat earnings - accelerating EPS, Sales and Margins
Bit of a hard one to nail down, but it worked out.
-Tightening price over the past few weeks
-Never closed below the 21ema (blue)
-Higher volume on the breakout (over 50sma)
-MarketSmith Relative Strength at new highs
