CPRT breaking out!
Updated
* Great earnings
* Very strong up trend
* High RS in the Industrials sector
* Breaking out of a ~3 month consolidation with higher than average volume (21.37%)
Trade idea:
* You can enter now as indicated since the price is very close to the broken level
* Or you can wait for a day or two to see how this plays out.
* Looking at the weekly chart it seems like CPRT may consolidate above the broken level before moving higher.
* Very strong up trend
* High RS in the Industrials sector
* Breaking out of a ~3 month consolidation with higher than average volume (21.37%)
Trade idea:
* You can enter now as indicated since the price is very close to the broken level
* Or you can wait for a day or two to see how this plays out.
* Looking at the weekly chart it seems like CPRT may consolidate above the broken level before moving higher.
Note
CPRT is offering another great entry before heading higher. If you're not already in this and are thinking about getting in you can use the following criteria For $1000 you can get 5.0 shares at $155.74
A stop loss placed at $145.74 would risk $50.0
A 2:1 target would be at $175.74
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