HaseebKhan_90

FSV breaking out of consolidation

Long
NASDAQ:FSV   FirstService Corporation
* Good earnings quarter over quarter
* Strong and steady up trend
* Broke out of a 2 month consolidation with higher than average volume
* Pays dividends with a Payout ratio of 21.10% the company has a lot more room to grow

Trade Idea:
* Broke out of consolidation with higher than average volume
* Saw a tonne of selling pressure after the break but held the broken level as support
* This may end up consolidating for a bit before moving higher but $191.20 should hold as support
* Look for buying opportunities around the $191.20 area

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