While the process of investing is commonly associated with a rollercoaster ride, the Six Flags Entertainment Corp. (SIX) continues a smooth and steady climb from bottom left to top right.
After pulling back from the highs in December, the stock is breaking out once again. The strong SCTR, the nice uptrend, and great weekly momentum on the MACD all look good. Last week's terribly low volume is a little concerning, but looking at the chart suggests this stock could run well into the summer like it has done the last 3 years.
Good trading,
Greg Schnell, CMT, MFTA.
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
Learn More
