On a bullish market day today, my pick is a bearish trade.
$EXC
Industry score and pace both are among the bottom 20%.
Earnings and revenue growth are negative. 88% of peer stocks are down.
Watch out for the stock to complete a false upside breakout at the weekly Memory trendline resistance and multiple false breakouts in the daily at Watermark pivot resistances. It is displaying a bearish Flow on a day the market ETFs are up as of this post time. It is also displaying a bear Release.
You could take a short trade in the morning session soon after the opening using the unambiguous Early Range Breakout technique on the Precision Entry 5-minute template.
You could find this and other similar profitable and low-risk opportunities in real-time using #CUE like I did today.
