Chart - Breakout

AUB has broken a major swing point high of $13.00 this week to make an all-time high.

Up 4.1% for the week with the highest weekly volume for 30 weeks.

It is now in "uncharted territory" with no previous overhead resistance above it (no stockholders who bought at higher prices trying to get out even).

Using my technical analysis MACD rating system, AUB is currently a Category 1 "super duper" stock.
On all time frames, daily, weekly & monthly:
1. MACD is greater than zero.
2. MACD is above its trigger line.
3. MACD is sloping upwards.

In other words it is trending up strongly: long term, medium term & short term.

There are no guarantees that it will remain above $13.00 but the current momentum suggests it could push higher.

Weekly Bar Chart
This stock is so geometric it is unbelievable. The major high it just broke is exactly $13.00 & the last major low was exactly $7.50.


Monthly Log Chart - Long Term View
This chart uses a logarithmic scale for the price axis. A straight line on the chart is actually parabolic using a normal scale. As you can see AUB is in a long term trend channel (bounded by the red upper line & the green lower line) which means that price is going up smoothly in a parabolic manner, typical of a growth stock. Interesting to note that if AUB continues in this trend channel and this leg-up continues at the same rate then it should complete at $29.50 in May 2020 (whether it does or not is another matter). That should make current investors "salivate".



P.S. I think I have just convinced myself to buy some shares in AUB.