Last Friday, the stock broke out past that resistance level.
But thanks to Trump’s actions yesterday and over the weekend, the stock dipped heavily (but still holding above the previous resistance, now support level).
This gives us a second crack at this breakout.
I would buy FLY at current prices, with a stop loss at $28.75.
Trade Idea #2 – Mirion Technologies Inc. (MIR)
The nuclear space has also been ripping lately…
And Trump recently announcing an energy auction for the Big Tech names could give a further tailwind for this sector.
One of the stocks that popped up on my radar was Mirion Technologies Inc. (MIR).
Unlike many nuclear names, this one hasn’t gotten too extended.
And again, we see similar nice shallowing action right after a big selloff.