EGO (Long)...

This one interests me. EGO reported earnings last week. As you can see, EGO consistently manages to hold support at the 200-day EMA as it creeps higher in a series of higher highs and highers lows. There are two ways to play this one. The preferred method would be to buy a low-volume pullback towards the 200-day EMA, but if the stock breaks out to new highs, it may be worthwhile to chase. However, the former is clearly preferable. This is one to keep an eye on.



Position: none