Matson stock has done an Ascending Triple Top Breakout. An Ascending Triple Top Breakout on a P&F chart is characterized by 5 columns. Of those 5 columns, three are X-Columns that ascend with each breakout, and the other two O-Columns are in-between the X-Columns.
Notice the P&F volume chart below that shows the buy side volume is climbing nicely as each previous top has been broke. Also, when the buy side volume flushes on a large spike, the stock pulls back. We have yet to have such a big buy side volume spike.
The quarterly EPS growth year over year is a stunning 276.5%. What is really shocking though is the EPS forecast hikes. About 60 days ago, the EPS forecast was $0.32. About 30 days ago, that was raised to $0.55. That’s an incredible +71.8% increase in the EPS forecast!
Source: www.guerillastocktra...e-in-strong-uptrend/
Notice the P&F volume chart below that shows the buy side volume is climbing nicely as each previous top has been broke. Also, when the buy side volume flushes on a large spike, the stock pulls back. We have yet to have such a big buy side volume spike.
The quarterly EPS growth year over year is a stunning 276.5%. What is really shocking though is the EPS forecast hikes. About 60 days ago, the EPS forecast was $0.32. About 30 days ago, that was raised to $0.55. That’s an incredible +71.8% increase in the EPS forecast!
Source: www.guerillastocktra...e-in-strong-uptrend/
