Consulting Giant Flashes Epic Double Top: Watch These Prices
InTheMoneyStocks.com | Mar 28, 2019 02:47PM ET
Shares of Accenture (NYSE:ACN) surged higher Thursday morning, hitting a new all-time high at $177.49. That move is significant as price tagged and briefly crossed an epic double top from September 2017. the move followed a vertical run in the stock of 34% from the December 2018 lows. With multiple overbought indicators flashing sell – and an epic double top – traders are looking to short Accenture.h3 What's Next?/h3
They expect a classic pull back off a double top to a pivot of $165.50 in the next week or two. Further out, a drop to $150 is likely. This is a classic technical trade setup for swing traders.
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