Summer’s Hottest Cooler is Trending Up

YETI's chart proves it… June 29, 2020 UNSUBSCRIBE |ARCHIVE TRUMP’S “SECRET PLAN” TO GET REELECTED IN 2020 —THIS COULD SEND ONE PARTICULAR STOCK SOARING His plan could TURBOCHARGE the U.S. economy… Put him in POLE POSITION to win a second term in office… And research shows it could set one particular “Trump stock” SOARING, pocketing you triple-digit gains in the process. Hit this link to find out how to get in on the action TODAY. Summer's Hottest Cooler is Trending Up Dear Chart Of The Day Reader, On Friday, we looked at a Daily Price Chart of EverQuote Inc., noting the stock’s 50-Day EMA is trading above the 100-Day EMA, signaling a bullish trend. Today’s chart is for Yeti Holdings Inc. (NYSE: YETI). Yeti Holdings, Inc. designs, markets, retails, and distributes products for the outdoor and recreation market under the Yeti brand in the United States, Canada, Australia, and Japan. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, including coasters, lowballs, stackable pints, mugs, tumblers, bottles, jugs, and accessories such as bottle straw caps, tumbler handles, and jug mounts under the Rambler brand. Now, the Daily Price Chart below shows that YETI is in a price uptrend because the current price of YETI is trading higher than it was exactly five months ago. We know this thanks to the On Balance Volume (OBV) Chart, shown below the Daily Price Chart. Here’s what you need to know about the OBV Line: it measures how much volume is either pushing the stock up, or down. Meaning, the volume of stock that’s being sold or bought. Using a stock’s volume in this way can confirm an uptrend by reflecting that more people are buying the stock than are selling it (or vice versa for a downtrend). Take a look at the chart below… We can see from the OBV chart shown above that the OBV line for YETI is sloping up. An up-sloping line indicates that the volume is heavier on up days and buying pressure is exceeding selling pressure. Buying pressure must continue to exceed selling pressure in order to sustain a price uptrend. So, OBV is a simple indicator to use that confirms the price uptrend and its sustainability. The numerical value of the OBV line is not important. We simply want to see an up-sloping line to confirm a price uptrend, which is displayed in the chart above. We’ll be sure to keep following Yeti Holdings Inc., as the stock’s buying pressure exceeds it’s selling pressure and the price uptrend continues. Best Regards, Chuck Hughes Editor, Chart Of The Day No more banks. No more accountants. No more Wall Street? This new type of Internet could change everything in the coming years… But your chance to profit from it could start in the coming days! Click here for full details. If you are having trouble receiving your Chart Of The Day subscription, you can ensure its arrival in your mailbox by whitelisting Chart Of The Day. © 2020 by Chart Of The Day. All rights reserved. This newsletter may only be used pursuant to the subscription agreement, and any reproduction, copying or redistribution (electronic or otherwise, including on the World Wide Web), in whole or in part, is strictly prohibited without the express written permission of Laissez Faire Books LLC, 808 Saint Paul Street, Baltimore, MD 21202-2406. To end your Chart Of The Day e-mail subscription and associated external offers sent from Chart Of The Day, click here to unsubscribe. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. If legal advice or any type of assistance is needed, please seek the services of a competent professional. This material, produced by Chart Of The Day, is for informational purposes only. All technical information, instruction, and advice, reflect the beliefs of Chart Of The Day and are intended as informational only. Chart Of The Day is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Laissez Faire delivering daily email issues and advertisements. Please read our Privacy Statement. EMAIL REFERENCE ID: 401CODED01