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Code33

CubeSmart $CUBE breakouts after VCPCubeSmart is a real estate investment trust that invests in self storage facilities. It rents spaces for individuals and businesses of all kind. Since september the price its been forming a volatility contraction pattern (VCP) with a footprint of 13W - 13/4 - 4T. Today made the breakout with good volume and high close. But, as the market hasn't been respecting breakouts, I started small by buying just 1/3 of my position sizing. If the stock follows through, I'll add to my position. NYSE:CUBE respects my trend template, confirmed by IBD with a 92 relative strength rating. Is also respecting the Code 33: three quarters of accelerating earnings, sales and profit margins.
NYSE:CUBELong
by dpuleo19
Nucor Corp $NUE, tight action might give buy signal soonThis Steel-Producer might be the percfect example of good technicals and good fundamentals. After a good bull run from March to August is been forming a base that has been tightening from left to right, with low volume on down days and high volume on up days. That is the kind of action I like to see before a buy signal. According to @TradeStation, for the nine months ended 02 October 2021, NucorCorporation revenues increased 76% to $26.12B. Its quarterly results reflect a good Code 33, that's three quarters of accelerating earnings, sales and margins. My firts buy would be just above $117.86 with 1/2 of my position sizing. If the price follows through the resistance lines I marked, I'll add up. Its IBD RS rating is 95 and has a #1 ranking in its industry.
NYSE:NUELong
by dpuleo19
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