Ahead of earnings, SFIX got an upgrade from the analytics firm Stifel, which cited SFIX's history of strong earnings and its attractive valuation. That appears to be driving a breakout above the stock's downward trend line today. Trend line breaks are usually bullish, and can lead to big gains like the PG&E trend line break I identified the other day.
Comment:
Exited this trade for a small profit this afternoon because it dropped back below moving averages and had lots of selling volume. Looks like it may go inverted cup and handle.
