Johnson Controls has given a strong breakout post recent earnings from prev yearly highs above 1393. Stock closed up 20% UC post earnings and above the resistance of 1393. Stock is now trading near to 1759, stock has given a move of about 49% after results.
After a big up move usually stock gives a cool off / goes sideways to its AVWAP of this move / pullback lows or the 20 DMA support levels.
AVWAP since earning day is around 1639 & its 20 DMA is around 1315 for now.
Retest of breakout is around level of 1393.
Let's refer this below chart for the above data points.
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