CDW breaking out of a 5 month base with volume!
* Perfect earnings
* Very strong up trend since inception
* High 3-month relative strength of 1.65 in the Tech sector
* Pays out quarterly dividends and just last quarter it increased its dividends!
* Broke out of a ~5 month base with volume
* Broke out late December and has been consolidating since then right above the breakout point
* Even with the uncertain market conditions it's managing to stay above the broken base.
Trade Idea:
* You can enter at today's closing price if you don't mind a little volatility.
* If you're looking for the perfect entry, you may wait for the price to turn a bit lower and enter near the $203.30 area
* Due to current market conditions it's better to wait and see what may happen.
* If you're a bit more conservative you may wait for a break above this current range and look for an entry near $207.72
Caution:
* A daily close below $198.14 would negate the idea.
* Very strong up trend since inception
* High 3-month relative strength of 1.65 in the Tech sector
* Pays out quarterly dividends and just last quarter it increased its dividends!
* Broke out of a ~5 month base with volume
* Broke out late December and has been consolidating since then right above the breakout point
* Even with the uncertain market conditions it's managing to stay above the broken base.
Trade Idea:
* You can enter at today's closing price if you don't mind a little volatility.
* If you're looking for the perfect entry, you may wait for the price to turn a bit lower and enter near the $203.30 area
* Due to current market conditions it's better to wait and see what may happen.
* If you're a bit more conservative you may wait for a break above this current range and look for an entry near $207.72
Caution:
* A daily close below $198.14 would negate the idea.