Closed Emera (EMA) Swing Trade But Still Like the Chart
Emera has been a strong performer, pushing higher throughout the broader market turmoil. The stock hit my target of $55.96 today so I closed out the position, but the chart is still looking good.
It broke out of a range today, on strong volume, indicating there could be another push to the upside. That provides a target of $58.50 to $59.
Earnings are due out on August 12, so that's another reason I am fine to step aside for now.
Disclosure: no current position, but may re-enter following earnings if the chart still sets up well.
It broke out of a range today, on strong volume, indicating there could be another push to the upside. That provides a target of $58.50 to $59.
Earnings are due out on August 12, so that's another reason I am fine to step aside for now.
Disclosure: no current position, but may re-enter following earnings if the chart still sets up well.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.