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gooney0

Channel and a Buy Setup

Long
Encompass Health Corporation (NYSE:EHC)  
gooney0  
NYSE:EHC   Encompass Health Corporation
Trend Analysis Trend Lines Parallel Channel
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trendanalysis trendline parallelchannel
Very nice channel up that is also a Buy Setup. Stronger than the market.

Since the channel is tight, I could either take profit at 2R as shown, or if it reaches the top of channel early, sell then.

Selling early isn't a bad idea as this would be difficult to move to break even. Earnings is 13 days away so I want to be out by then.
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