EVEREADY BREAKS 7-YEAR RESISTANCE TO NEW HIGH
EVEREADY INDUSTRIES has just broken out from about 7-year base and the stock is trading at new heigh near the breakout level. If it sustains trading above 460 we can see some significant rally in the stock. On this monthly chart momentum is strong as indicated by RSI that is moving up above 60. Its relative performance to CNX 500 too has moved above its 12-month MA, though it is still to make Higher-high pattern. The volume structure over the last 1-year is pretty bullish. Not checked fundamentals.
No recommendation. Only personal analysis for educational purposes. Please consult your financial advisor for any investment, or buy or sell decisions in the financial markets.
No recommendation. Only personal analysis for educational purposes. Please consult your financial advisor for any investment, or buy or sell decisions in the financial markets.
Raju KMS Datla
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