Thanks to one of my many Chart Pattern Manifest customers, I receive a host of great stock picks everyday, and I don’t have to do any work.
This latest pick was first sent to me about a week ago, and this guy has been standing strong with his trade, and, rightfully so, it looks like he is now finally being rewarded.
The stock is called Conseco, Inc. (CNO), and it is not only a great find, but also an excellent textbook wedge with breakout (which he learned through Chart Pattern Manifest).
The volume is strong on the breakout and crossed the 200 and 50 simple moving average in one quick swoop. Because the spike was massive, I would look for two things, if you are not already in the stocks: whether we head higher from its current point or if we experience a low volume pullback to test the new support.
This stock is definitely still in play, so keep a close eye on it.