AZZ - Darvas Box

AZZ - Nyse.  AZZ Inc. has formed a Darvas Box at a new yearly high following a large volume expansion.  Since the sell-off in early April, OBV has been rising showing buyers interest in the stock.  A breakout of the top of the box would signal an entry into AZZ.  Following the Darvas Method, protective stops should be kept just under the 39.00 and raised accordingly once the trade moves into profit.  There’s a gap to fill around the $58 level so should be of interest to the short to medium term trader.