MRVK broke above its descending trend line some days ago and is now bouncing above the 50MA.
EV Is increasing, indicating that the stock will probably move higher.
However, the stats do not look very encouraging. You will make money buying a breakout or a pullback to the 50MA, but the R/R is not compelling for any of these two settings.
This is the main problem of this overbought environment: there are not many good settings to trade.
The best settings are all on the short side and nobody wants to be short this market.
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