New issue, primary base being built, new trend likely as supply here is dwindling.
I like it over 24.68. Expecting new trend resolution by October, 2018, so a relatively short trade for me.
Buy on breakout, risk 5%, add on pivots, look for $30+.
I like long $SMHI over $25pps. IPO open price has given overhead supply for several months now, once it gives it should allow a new trend to form. Earnings to navigate early August, but generally this looks like a great opportunity in a relatively new issue.
Bullish sector should provide a sales tailwind going into 2019. If they execute well, the sky's the...