Lender Looking for a Breakout (EZPW)

by | Feb 13, 2024

After what has seemed like a long bull rally, some cold water has finally been poured on the hot market.

The CPI number came in higher than expected.

That means inflation could still be a problem. And that means the Fed may not lower interest rates anytime soon.

And that’s not good for this recent bullishness.

However, there are some stocks charging up toward a breakout level anyway.

And one of those is EZPW.

Here’s the chart:

For many weeks, and especially in 2024, EZPW has been bolting up toward a new high.

If it breaks through $10.68, it could make a nice move.

We’ll keep an eye on it.

 

Happy trading,

— Scott Welsh

P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The chart above uses weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.

WRITTEN BY<br>Scott Welsh

WRITTEN BY
Scott Welsh

What to read next