Archrock provides natural gas equipment, service and maintenance. This is an area of the market I mentioned seeing a lot of strength in over the last few weeks (see Market Leaders are Failing post), and AROC is one of the top performers.
The stock came out of a textbook consolidation base last month before climbing 25% in just two weeks.
After this parabolic move higher, shares have consolidated slightly to digest the action. But the pullback has been minimal – a sign that investors are still bidding up the stock.
With such a shallow base here, AROC could be bought with a stop loss at $12.30 to risk just 5% on the trade.
The stock came out of a textbook consolidation base last month before climbing 25% in just two weeks.
After this parabolic move higher, shares have consolidated slightly to digest the action. But the pullback has been minimal – a sign that investors are still bidding up the stock.
With such a shallow base here, AROC could be bought with a stop loss at $12.30 to risk just 5% on the trade.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.