Finding bullish charts the last few days has become more difficult just due to the sheer volume of charts showing up on any broad scan. But this was one name that showed up in several scans, and from the looks of both the daily and weekly charts, I can get behind it.
Manpower has already had a good year, seeing shares up over 30% with the bulk of the move coming just in the month of February. This time period is key because the stock may be setting up for a repeat breakout performance here. Over the last two days, price has broken above key resistance over the past three months. MAN has been trading in a channel about $5 wide.
During this consolidation, we've seen the Bollinger bands tighten once again, even more so than what we witnessed before the big February run. While some may shy away from the big spike in the commodity channel index, this is something which got the stock going in February. Furthermore, we saw a push over the upper Bollinger band along with a high bullish cross in the slow stochastic.
We're seeing a repeat of the February setup. I don't believe Manpower is in for another 30% move, but I would put $100 square on the radar here, with some resistance hitting at $95 initially.