SRI ($SRI) cup with handle

Jul 22, 2019

It looks like SRI is forming a cup with handle that started in April, with a resistance at the lower $32 level. The stock price showed a small decrease during the last few weeks (handle), the volume dried up due to the lack of interest from the holders to sell it and the price at the close didn't show significant fluctuations. A volume increase during the next few weeks could indicate that the stock price will advance in its bullish trend that started in 2016. Based on the last peak, in Aug 2018, the stock price could be adjusted up 10% to %20% depending on the results presented on the earnings release (Jul 31) and on the trading volume.