PBH broke out again with volume!
* 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!
* 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!