Why you should give a hoot about $OWL – December 17, 2024
This is Scott at Scott Trades on Twitter with StockMarketMentor.com and your Chart of the Day. I want to take a look at Blue Owl Capital ( NYSE: OWL ).
Here’s why you should give a hoot about this stock chart. It’s in a well-defined uptrend and above all the major moving averages. While the rest of XLF ( NYSEARCA: XLF ) has been pulling down near the 50-day Owl ( NYSE: OWL ) has been holding up in trend, via that 21-day exponential period moving average, that’s the blue line here on the chart.
For an entry on Owl ( NYSE: OWL ) I would like to see a break above this $25.00 level, coming on volume. This area has acted as pretty clear resistance over the past couple of weeks. We want to see if Owl ( NYSE: OWL ) can get above that level, close above that level, and do it on good volume.
If that can happen, then I think there is definitely something you can do to take action on this idea.
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