[Premium] Trade Of The Week

Here's Strides Pharma's daily chart, showing a breakout from a 2-year base to new recovery highs. Following its strong breakout, we've seen prices pull back and we want to use this weakness to get involved. As long as prices are above 515, then we can be long with targets near 662 in the near-term and 895 over the intermediate-term.

Click on chart to enlarge view.

And here's the stock from a structural perspective, showing how significant this breakout is and suggesting that this long-term bottom likely means we'll see prices back towards all-time highs in the coming years.

This stock hits two of our major stock market themes: Pharma sector outperformance and Small/Mid-Cap stock outperformance.

We want to continue focusing on the types of setups that benefit from multiple themes as Strides Pharma does.

For all of the stocks we want to be buying and selling, make sure to review our Trade Ideas page.

Also, make sure to check out our "Three Charts For The Week Ahead" and our new "Top/Down Take" weekly post discussing Yes Bank.

Thanks for reading and please let us know if you have any questions.

Allstarcharts Team