* Exceptional earnings
* Very strong up trend
* High 3-month relative strength in the Industrial sector
* Breaking out of a ~8 month base with higher than average volume
* Recently broke above the pivot point of $232.47 and used it as support for 5 days before moving higher
* Retested the broken resistance as support
* Pays generous dividends
Trade Idea:
* Now's a great time to enter as the price broke out and retested it as support
* If you're looking for a slight discount you can look to buy near the $239.46
Notes:
* The general Industrial sector is in a fairly tight range right now so this may follow the same path.
* If you're not getting in right now, you may want to wait a couple of days to see how this plays out.
* If it starts to range, you want to look for a high volume break of the range before getting in.
Caution:
* A daily break below $239.46 would expose $232.47 as support
* A daily close below $232.47 would negate this idea.
* Also if the stock continues to may lower lows for 3 consecutive days below $239.46 you might want to consider exiting the position early.
* Very strong up trend
* High 3-month relative strength in the Industrial sector
* Breaking out of a ~8 month base with higher than average volume
* Recently broke above the pivot point of $232.47 and used it as support for 5 days before moving higher
* Retested the broken resistance as support
* Pays generous dividends
Trade Idea:
* Now's a great time to enter as the price broke out and retested it as support
* If you're looking for a slight discount you can look to buy near the $239.46
Notes:
* The general Industrial sector is in a fairly tight range right now so this may follow the same path.
* If you're not getting in right now, you may want to wait a couple of days to see how this plays out.
* If it starts to range, you want to look for a high volume break of the range before getting in.
Caution:
* A daily break below $239.46 would expose $232.47 as support
* A daily close below $232.47 would negate this idea.
* Also if the stock continues to may lower lows for 3 consecutive days below $239.46 you might want to consider exiting the position early.
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.