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Grocery Outlet (GO) Pullback in a Strong Trend

Grocery Outlet (GO) Pullback in a Strong Trend

by | Apr 27, 2022 | Chart SetUps

Grocery Outlet (GO) shares in a strong trend higher and pulling back to the 55-EMA and top of April value. Shares are also holding just above VWAP from the February swing low that kicked off the recent run higher. A move back above $33 targets a breakout up to $36 and then a breakout move to $42. GO has been a relative strength name since early February.