Yesterday TZOO broke out of a low volatility trading range after forming a bullish base. We have resistance just over head in the form of a bearish gap between $36.61 and $37.00. However, we have a bullish ADX crossover and a rising ADX line. Momentum will build as the ADX line crosses 20 and moves higher. I would like to see it fill both gaps on either side of today's stick before taking off again, but it may not. Keep this one on your radar as the initial break and technicals are very promising.I recently wrote a post on low volatility breakouts for intra day charts. The same basic principals apply to the daily setup. If you're interested, you can link to that post here.
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