#$irm

The broad stock market went through the most violent swings in, like, forever, if you were to listen to prognosticators and pundits. It is doomed to fall hard. They may be right, and it may be this time as well. But I would suspect it would take more than an average amount of selling and a 1-2% move to really make that happen. For now it seems like making a mountain out of a mole hill. So in the meantime I will continue to look for possible trade and investment set ups and wipe out the noise.

One that is certainly not making a Mountain out of a Mole hill in this environment is Iron Mountain. $IRM. The chart above shows the weekly price action since 2012. You can see a sharp sell off starting in May 2013 and then a basing and recovery. Kind of looks like it built its own front end loader bucket to grab more business.

But now it is right back at that 2013 high level. What is next? There are some clues in the price action itself. First, the price is consolidating the last move higher form just above 36 . This is healthy and would target a move to 43.20 on a break higher. That front end loader bucket could also be describes as a Cup with the consolidation the Handle in a Cup and Handle pattern. This gives a target to 54 on a move higher.

Looking at some price derivatives tells a promising story as well. Starting at the bottom, the stock is being accumulated. The momentum indicators are also positive, with the MACD rising and bullish while the RSI is strong in the bullish zone. You may also notice the Golden Cross. Lots of good news in this chart.