Long on EPC
EPC has broken out of a descending wedge with bullish RSI divergence just looking for a retest of support and bounce for an entry.
EGZ trade ideas
Possible bullish structureWeekly 20 & 50 ema turned bullish for the first time since 2015. Weekly close above $37 for validation.
Time to watch EPCThere is a new touch of the 200 day MA for EPC. Start watching for trendline breaks and take a look at the income statements and balance sheets. This company has better EBIT and less debt than last year. Some other fundamentals are less attractive: lower income from sales, negative return on assets and equity from last year, no dividends. But the less outstanding shares may be all thats needed to boost the home slices on Wall Street and other investors to feel bullish on this company. Edgewell produces some popular wet shave and skin care products...Wet shave products are offered under the Wilkinson Sword, Edge, Schick, Skintimate, and Personna brand names
Skin care products are under Banana Boat, Wet Ones, Hawaiian Tropic, and Playtex.
Buy here and below a couple bucks.
TP $78 or hold with watchful eye on financials and management.
EPC Fast Ball short sale locks in nearly $1 per share.TraderInsight's Adrian Manz added EPC to the short sale list for Friday's trading. The stock moved smoothly through the 61.89 short-sale entry price and closed out at 60.92. This was another example of the implosion principle playing out over multiple sessions.
See how the trade played out at: traderinsight.com
