[Premium] Trade Of The Week

UPL has been on our radar for quite some time. Since there were several levels of resistance to cross, it only made sense to talk about this when the sky was clear. And now it seems like the sky is clear!

The price has moved out of a two-year base with a strong bullish candlestick. Big base breakouts that come with a strong move allude to the inherent power in the stock.

The indicator is back in the bullish momentum territory, adding to the positive outlook in this stock.

We are bullish above the level of 695, with a target near 977.

Click on chart to enlarge view.

In a sideways market when stocks break out of big bases with strong moves, they demand attention. UPL is one such name that popped up on all our scans and couldn't be ignored.

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