Ideal high-vol breakout on WCI Communities (WCIC.). This blogger is all in after mentioning any break through 20.25 would be an invite. That 20 mark is a big psychological one. Note that’s a weekly chart above. 40-week ema in yellow.
Pattern and volume trend are solid. Under the hood, it’s not exactly stellar with nearly 5% revenue growth (year over year.) Though there is 60% earnings growth and more than 40% return on equity, so it’s well run.
What this mostly has is a solid looking industry group of homebuilders. Stick to a tight stop. Pull in some profits at 20%.