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Small Cap Railcar Operator Forms High Tight Bull Flag

by | May 23, 2023

GATX Corp (GATX) shares are forming a nice bull flag inside of monthly value area and staying above the 8-day EMA the past week while closing strong on highs Monday to start the week. The small cap railcar leasing company has a MACD that is crossing bullish, and a tight squeeze has fuel to breakout above 115.25 top of value and likely see a surge to 120 as a first target above which is near an untested VPOC from early 2022. GATX has a great trending weekly chart as well with a longer-term objective of the prior highs at 125 and a potentially explosive move out of this multi month range.

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