(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) Railcar leasing company, GATX Corp , is judged likely to move immediately higher. The four identical charts herein depict a stock toying with the prospect of breaking out from a well-defined, 9-month range. The stock’s relative strength to the Industrials Sector is impressive and recent price-volume correlation is bullish. We’re buyers here… An advance here and now, up and out of the range in which the stock has been mired – a breakout – would imply a move to the $185+/- level. Identical chart 1 of 4 Identical chart 2 of 4 One way to draw “the lines”… a “bullish setup” Identical chart 3 of 4 Another way to draw “the lines”… a “bullish setup” Identical chart 4 of 4 Yet another way to draw “the lines”… also a “bullish setup” We’re buyers here DISCLOSURES: (None) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL’S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
This rail stock is toying with a breakout. One should emerge soon, says Carter Worth
