The good ol’ boys at energy titan Exxon Mobil are printing marginal new all-time highs today. The monthly chart featured the pattern of higher lows since its 2010 bottom, while price bumped against prior highs from 2007/8. Breakouts tend to occur from this setup.
One thing to keep in mind about Exxon is that it is usually a late-cycle mover, meaning at this stage in the bull you can expect a rotation into Exxon, just as (on the flip side of it) Exxon finally succumbed in 2009/10, well after the rest of the market had bottomed.
At any rate, although not an energy player, SWK features a similar technical setup, as seen on its weekly chart, second below. The daily chart, last one below, shows a bull flag being formed which could easily foreshadow the big breakout. Earnings are a week from Friday.
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Thanks , bought the 97.5s foe August .
Good luck! Hope it works out.