$AQN Algonquin Power - utilities - possible breakout soon
CANSLIM screener candidate - very high EPS growth (Q/Q vs last year; YoY; Revenue Growth)
Sector rotation to utilities; Institutional Risk off
Broken through all Fibonacci retracement lvls from ATH May 2013
Support 61.8% FIB lvl at 7.50
Sitting at 2nd last resistance 7.94.
If breaks 8, next resistance 8.29 then clear skies!
Buy if breaks 8 on good volume with stop at 7.70, then move to trailing stop
Sector rotation to utilities; Institutional Risk off
Broken through all Fibonacci retracement lvls from ATH May 2013
Support 61.8% FIB lvl at 7.50
Sitting at 2nd last resistance 7.94.
If breaks 8, next resistance 8.29 then clear skies!
Buy if breaks 8 on good volume with stop at 7.70, then move to trailing stop