$MTW #MTW burst thrue top of wedge at $14.46 earnings day 10/28?

$MTW has a chance of breaking long term downtrend line on earnings day 10/28/2019

$CAT reported horrible earnings today, Yet still bounced about $2 on Valuation, Heavy Equipment Sector May have found a Bottom.

MTW has an Inverse Head & Shoulders Pattern coming out of a 5 year low, & Has Broken out of the downward trajectory trading channel ahead of Earnings .

ความคิดเห็น:

Soon

การซื้อขายยังคงดำเนินอยู่:

$30 million dollar share buy back announced in May, 2019.

210,000 inside shares purchased in the last 12 months, and only 21,500 shares sold by insiders.

MACD Bullish Centerline crossed today

Had an inverted head and shoulders pattern with the head bottom on Oct. 9

Broke out of a downward trending Trading channel less than a week ago.

Beat previous Q2 2019 EPS Estimates Double.

Is on the Verge of breaking out of this Huge Wedge that started in 2014 at
$100 pps and is now $86.50 lower where it bounced off a many year/multi year low

การซื้อขายยังคงดำเนินอยู่:

Back Tested the 50 Day Mowing Average and had a Strong Bounce.

Ya know they had to Try :-)

การซื้อขายยังคงดำเนินอยู่:

Earnings day is November 7th
A break thrue $14.46 would take it up and out of the Wedge.

การซื้อขายยังคงดำเนินอยู่:

New Buy SAR
Bumping top ballenger band
Perfectly positioned to break out of the
5 year wedge in 3 or 4 days, depending on earnings

การซื้อขายยังคงดำเนินอยู่:

Pounding Out of the 5 Year Wedge, with a Double Upgrade from Goldman Sachs.

Ready to Rock !

การซื้อขายยังคงดำเนินอยู่:

Theres a Gap, created on earnings.
See if it closes. Hope it's a break away gap & stays above the 200dma