Breakout Alert 14: $EW

On November 14, 2017, $EW broke out from its previous 52-week high of 33.60/share accompanied by above-average volume. The volume may be bearish because it's red, but for me it's bullish because the closing price is higher than yesterday. Its current exit price is 31.43/share. Buy above exit price, sell immediately when it falls below.

Pro(s):

• Trending up since 2nd quarter of 2017.
• There are more above-average bullish volume (green) than above-average bearish volume (red).
• Gross revenue for the 3rd quarter of 2017 went up to ₱6,286,011,000 from ₱5,296,711,000 of the same quarter last year, which translates to 19% quarterly growth. Year-to-date gross revenue went up to ₱18,378,505,000 from ₱15,704,376,000 of the same period last year, which translates to 17% year-to-date growth.
• Net income (after tax) for the 3rd quarter of 2017 went up to ₱1,223,394,000 from ₱ 763,321,000 of the same quarter last year, which translates to 60% quarterly growth. Year-to-date net income went up to ₱3,725,240,000 from ₱2,326,485,000 of the same period last year, which translates to 60% year-to-date growth.
• Net profit margin for the 3rd quarter of 2017 went up to 19.46% from 14.41% of the same quarter last year, which translates to 35% quarterly growth. Year-to-date net profit margin went up to 20.27% from 14.81% of the same period last year, which translates to 37% year-to-date growth.
• A healthy risk of -9% from top (34.46/share) to exit price (31.43/share). Proper allocation of funds can minimize risk.

Con(s):

• Bearish breakout candle.
• Large market capitalization. I get discouraged if market cap is greater than 40 billion.

CAVEAT EMPTOR