Notes: * Great earnings in the recent quarters * Strong up trend in the recent years * Breaking out of a ~11 month cup shaped base with higher than average volume * During the recent pull back the volume was decreasing indicating bullishness.
Technicals: * Sector: Basic Materials - Steel * Relative Strength vs. Sector: 7.19 * Relative Strength vs. SP500: 13.71 * U/D Ratio: 0.8 * Base Depth: 56.93% * Distance from breakout buy point: 0.31% * Volume 14.02% above its 15 day avg.
Trade Idea: * You can enter now as the price is just breaking out of the base * Manage risk accordingly