Watchlist Ascending triangle Trading above 21EMA Volume dropping off Wait and see if price can make a move up on volume
$CAI has broken out to the upside on the news that the keep is evaluating its strategic options. Yesterday's news headline: CAI International jumps (CAI +15.2%) as the company announces that it is exploring potential strategic alternatives to maximize stockholder value. CAI has appointed Centerview Partners as its strategic financial advisor. $CAI is trading at...
This is one of my favorite trades. A clear pennant forming which will be looking to break around 2/3's the way through the triangle(that's my general rule of thumb, the more it trades into the apex the less decisive and powerful the break). Easy to read upside, a nice tight stop, with a good risk-reward. In addition the stock is relatively small and nimble, and...