SNX Swing Idea
I like SNX as a post-earnings momentum play as long as the overall markets continue trending up. This one seems to trade pretty much in line with SPX on a relative basis (Price Relative plot), and demand is pretty high following the earnings announcement a few days ago (RSI plot).
The price chart has been trading above the 200-day moving average (indication of an up-trend) and is looking to test all-time highs. I would expect this to take some time to develop.
The price chart has been trading above the 200-day moving average (indication of an up-trend) and is looking to test all-time highs. I would expect this to take some time to develop.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.