Is $ARCB ready to start coming up on the right side of its base?

2022年8月24日

Notes:
* Very strong up trend since March 2020 on all time frames
* Great consistent earnings since 2020
* Basing for the past ~9 months now
* Broke above and retested $86.7 which has acted as a pivotal area for bulls and bears
* Consolidating just above $86.7 for the past ~4 weeks with decreasing volume
* It was consolidating around the bottom of its base with decreasing volume as well; meaning sellers lost steam

Technicals:
Sector: Industrials - Trucking
Relative Strength vs. Sector: 4.04
Relative Strength vs. SP500: 5.53
U/D Ratio: 1.32
Base Depth: 86.73%
Distance from breakout buy point: -28.74%
Volume 1.77% above its 15 day avg.

Trade Idea:
* You can enter this now as the price is close to its 50 day line and it's also close to the broken resistance of $86.7
* If you're looking for a better entry you can try catch one around $86.7 as that should hold as support moving forward

* This stock usually has local tops when the price closes around 27.14% above its 50 EMA
* Consider selling into strength if the price closes 26.94% to 27.34% (or higher) above its 50 EMA
* The last closing price is 7.21% away from its 50 EMA