Notes:
* Strong up trend since 2020
* Great earnings in the recent quarters
* Basing for the past ~14 months
* Recently bounced off historical highs around $31
* Forming a nice and tight pivot area around $35
* Offering a very low risk entry
* Showing signs of strength and accumulation
Technicals:
Sector: Industrials - Specialty Industrial Machinery
Relative Strength vs. Sector: 1.33
Relative Strength vs. SP500: 1.31
U/D Ratio: 1.74
Base Depth: 33.89%
Distance from breakout buy point: -4.99%
Volume 8.49% above its 15 day avg.
Trade Idea:
* You can enter now as it's trying to break above the $35 resistance level
* Or you can wait for a clear break above it before entering
* If you're looking for a lower entry you may find one around the $34.3 area as that's the bottom of the tight range
* This stock usually has local tops when the price closes around 10.23% above its 50 EMA
* Consider selling into strength if the price closes 10.03% to 10.43% (or higher) above its 50 EMA
* The last closing price is 3.69% away from its 50 EMA
* Strong up trend since 2020
* Great earnings in the recent quarters
* Basing for the past ~14 months
* Recently bounced off historical highs around $31
* Forming a nice and tight pivot area around $35
* Offering a very low risk entry
* Showing signs of strength and accumulation
Technicals:
Sector: Industrials - Specialty Industrial Machinery
Relative Strength vs. Sector: 1.33
Relative Strength vs. SP500: 1.31
U/D Ratio: 1.74
Base Depth: 33.89%
Distance from breakout buy point: -4.99%
Volume 8.49% above its 15 day avg.
Trade Idea:
* You can enter now as it's trying to break above the $35 resistance level
* Or you can wait for a clear break above it before entering
* If you're looking for a lower entry you may find one around the $34.3 area as that's the bottom of the tight range
* This stock usually has local tops when the price closes around 10.23% above its 50 EMA
* Consider selling into strength if the price closes 10.03% to 10.43% (or higher) above its 50 EMA
* The last closing price is 3.69% away from its 50 EMA
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.
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.