Last week, ACN crushed their earnings with strong AI bookings of $1.2 billion, sending the stock up 6%.

But here’s what really got my attention – the technical setup that’s forming right now.

When you combine an earnings winner with stacked EMAs and a daily squeeze, that’s when things get interesting.

And that's exactly what the SAM AI Scanner just flagged on ACN.

The stock might be trading near its 52-week highs around $378.51, but don’t let that scare you off.

Even with this recent earnings pop, ACN has only gained about 5% this year, while the S&P 500 is up around 25%.

That kind of underperformance, combined with fresh earnings momentum and a clean technical setup? That’s the recipe for potential catch-up moves I look for.

Let me break down exactly what I’m seeing…

What is Accenture?

Accenture is a global consulting powerhouse that’s been making waves in the AI space.

Their recent earnings showed strong AI bookings growth, hitting $1.2 billion this quarter.

But let’s focus on what really matters – the technical setup.

The Technical Picture

Here’s what’s got me excited:

Stacked EMAs – The Setup

The daily and weekly EMAs are stacking beautifully.

When we see this kind of alignment, it often precedes significant moves. The shorter-term EMAs are riding above the longer-term ones, creating that perfect bullish ladder we love to see.

The Daily Squeeze

We’re seeing compression in the Bollinger Bands relative to the Keltner Channel – a classic squeeze setup. These patterns often precede explosive moves, and with ACN near its 52-week highs, this could get interesting.

Recent Earnings Winner

The stock popped 6% on its latest earnings report, showing institutional interest. But here’s what’s really interesting – despite this win, ACN is only up 5% YTD compared to the S&P 500’s 25% gain. This underperformance could set up for mean reversion.

Price Action Sweet Spot

Currently trading near its 52-week high of $378.51, ACN is in that sweet spot where momentum traders start paying attention.

The combination of strong earnings and technical alignment often creates the perfect storm for breakout moves.

Your Action Plan

Here’s exactly what I’m doing with ACN:

Current Position I put on Friday:

• (2) ACN 1/3 $375 calls @ $2.65
• (3) ACN 12/27 $375 calls @ $1.35

My Game Plan:

• Looking to build this position up to 10 contracts total
• Targeting $2+ for exits
• No stop set yet as I’m looking to add more on pullbacks

Why This Strategy:

1. The squeeze setup suggests we could see a strong move
2. Multiple expiration dates give us some flexibility
3. Building the position gradually lets us manage risk while staying in the trade

Want to see how I manage these kinds of technical setups in real-time and find new opportunities daily?

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