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HaseebKhan_90
31 paź 2021 15:33

PBH broke out again with volume! Long

Prestige Consumer Healthcare Inc.NYSE

Opis

* Great earnings
* Strong up trend
* High RS in the Healthcare industry
* Breaking out of a ~13 week consolidation with higher than average volume (93.18%)
* Recently broke back above $57.53 that has been resistance since 2016

Trade Idea:
* If you can stomach a little volatility, now is the perfect time to get in since the price isn't too far from the broken level and it's breaking out on higher than average volume.
* However, looking at the weekly chart I think PBH may consolidate for a couple of days before heading higher.
* If you're not getting in now, do keep an eye on this one for sure!
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