Momentum is building with this Ascending Triangle. See the live chart action.
Bullish continuation pattern.
Sideways movement between parallel supports.
Technical analysis of Sysco (SYY) reveals a significant setup. The stock is trading at $83.11, up 1.69% on the day. Price action has carved out a classic Ascending Triangle. This setup is supported by average volume turnover. A potential breakout level is identified at $85.31, targeting $93.19 with support near $79.91 (R:R 1.46).
What is your outlook on SYY?