Shares of investment manager Legg Mason are poised for a breakout.

Since LM reported very solid Q2 earnings: https://www.zacks.com/stock/news/594150/legg-mason-lm-beats-q2-earnings-and-revenue-estimates?cid=CS-MKTWTCH-HL-tale_of_the_tape|yseop_template_4-594150&mod=mw_quote_news, Legg Mason has been consolidating in a narrow range. This bull pennant is about to give way to a fresh rally leg. A close above the November peak($39.40) could spark an upside breakout.

We are long LM in some managed accounts.