[Premium] Trade Of The Week

JC Parets
June 7, 2022

There are a handful of stocks that are displaying signs of early strength as the market moves sideways. Today we're going to look at one such stock from the Financial Services sector.

One of the names that stood out in the current market environment is Credit Access Grameen. The price has sustained above the breakout level of 1,000. This is important information with regard to the price move. This is a 2-year base breakout at a time when the market continues to grind sideways.

The indicator is making its way into the bullish momentum territory as well, adding strength to the price move.

We are bullish above the risk management level of 1,000 with a target close to 1,430.

Click on the chart to zoom in.

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

And if you're a Premium Member, be sure to check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team

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