5th day of $QQQ short term up-trend; With expectations of a strong hurricane season, it could be a good time to consider $GNRC

Indicators

  • GMI: 6/6
  • GMI-2: 6/8
  • T2108: 56%

GNRC has been consolidating its huge February gain after earnings. After 4 black and one green dot it may be getting ready to move up. The dots indicate bounces from oversold levels. Earnings are projected to grow +32% in 2021 and it has an IBD composite rating of 98 and an EPS rating of 95, ROE=34%.

Finding support at 10 week average, purple dotted line. Clearly a Yellow Band stock since its GLB in July.

The post 5th day of $QQQ short term up-trend; With expectations of a strong hurricane season, it could be a good time to consider $GNRC first appeared on Wishing Wealth Blog.

5th day of $QQQ short term up-trend; With expectations of a strong hurricane season, it could be a good time to consider $GNRC