Vinodinvest

$PNR - basing and breakout

Long
NYSE:PNR   Pentair plc.
PNR - Price is within the consolidation base but 6-7week consolidation breakout within the broader consolidation.

Further bullish confirmation:
  • Price above Key moving averages on daily, weekly and monthly charts
    MACD positive on D,W,M timeframe.
    MACD just turned up positive on weekly and monthly chart - possible new longterm bullish momentum.
    Positive earning, sales numbers & estimates.
    Bullish earning reaction by the market and analysts upgrades.

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