More durable than non-durable...
Herman Miller/MLHR, the maker of office furniture (including the Aeron chair), breaks out above a massive base, with explosive volume.
The size and quality of this breakout, however, is more evident when viewing the weekly chart.
MLHR shares easily took out resistance at ~$30 (a price it has not traded above for 4 1/2 years) and the line of declining tops from the all-time high set seven years ago. No wonder total volume during yesterday's breakout was so explosive, and provides at least one answer to Yash's question asked earlier.
The size and quality of this breakout, however, is more evident when viewing the weekly chart.
MLHR shares easily took out resistance at ~$30 (a price it has not traded above for 4 1/2 years) and the line of declining tops from the all-time high set seven years ago. No wonder total volume during yesterday's breakout was so explosive, and provides at least one answer to Yash's question asked earlier.
<< Home