Trading the Breakout in Mid-Cap Industrials

Published on
July 10th, 2019
10 minutes

Trading the Breakout in Mid-Cap Industrials

Trade Ideas ·
Featuring Tom Bruni

Published on: July 10th, 2019 • Duration: 10 minutes

Tom Bruni, CMT, of All Star Charts, walks through the recent technical breakout in Herman Miller - a mid-cap industrial stock - and discusses how traders can play the current setup. In this interview with Jake Merl, Bruni reviews why he thinks bond yields are finally stabilizing, analyzes the strength of various sectors within the S&P 500, and suggests a specific trade. Filmed on July 8, 2019.



  • OC
    Otto C.
    11 July 2019 @ 20:23
    Herman Miller has an ugly chart. Its breakout seems to be completing now.
  • JM
    Jim M.
    10 July 2019 @ 19:51
    I like this guy. Six times the average daily volume on the breakout day 6/27.
  • MT
    Mike T.
    10 July 2019 @ 14:50
    neglible volume in the stock itself, minimal activity in the options. For me it doesn't matter what the story might be, if there's no liquidity I stay away. As a minimum I always look for at least 4 million shares per day, and options bid/ask spreads no more than $0.05.