Massive cap administration consulting and IT firm Accenture (ACN) is toying with the prospect of a breakout-type transfer to new 52-week highs and all-time highs. The three equivalent charts beneath inform the story. The annotations on every chart depict a really bullish setup, three other ways. And whereas maybe there are 30 other ways to “draw the traces” (not simply 3 ways) the three methods they have been drawn beneath are easy, easy, and bullish. Right here on the $387 degree Accenture is beneath its all-time excessive of $417.37 reached in December of 2021. We anticipate a transfer to the 2021 excessive (+8% from present ranges) and in the end a transfer above mentioned highs. -Carter Braxton Price For actionable suggestions by way of e-mail and stay nightly movies develop into a member at worthcharting.com DISCLOSURES: (None) All opinions expressed by the CNBC Professional contributors are solely their opinions and don’t replicate the opinions of CNBC, NBC UNIVERSAL, their dad or mum firm or associates, and should have been beforehand disseminated by them on tv, radio, web or one other 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 on right here for the complete disclaimer.
