Strong Growth Stock Technical Setups. Analyze technical breakout patterns in stocks which are growing strongly while having decent profitability and health.
Overall EQT gets a technical rating of 6 out of 10. In the last year, EQT was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, EQT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 36.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.29, a Stop Loss order could be placed below this zone.
Given the decent technical rating and the setup score, we can suggest the following trade.
|An entry @36.86. This is a Buy Stop order right above the resistance zone.||An exit @35.89. This is a Stop Loss order right below the support zone.||The trade has a worst case loss of 0.97 points, which is 2.63%.||For a 0.66% total portfolio risk, you can invest 25.00% of your capital in this trade.|