FleetCor Etches Bullish Three-Weeks-Tight Pattern
If an investor catches the breakout of a stock that advances smartly, a three-weeks-tight pattern can be an opportunity to add shares. The three-weeks-tight pattern is most easily seen on a weekly chart. The pattern involves three closes each within about 1% of each other. The buy point is the high in the pattern plus 10 cents. Fuel card provider FleetCor Technologies (FLT) broke out of a base in mid-August. The stock advanced as much as 28% from
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