lauralea

Rectangle/Short if Support Line is Broken

NASDAQ:POOL   Pool Corporation
Rectangles are horizontal trading channels and are neutral until broken.

An Alternate Bat/M structure/ formed within the Rectangle and T1 was met.
The Alternate Bat ends at the 1.113 at the 4th leg. The Bat ends at the .886.

Price is now at the support line of the rectangle.
Earnings miss x 3.
Support line with six touches, maybe more . The more touches a resistance or support line has, the stronger that level becomes.

SHORT if support line broken/No recommendation/Short interest over 11%

52 Week Range
278.10
423.97
Day Range
349.08
359.40
EPS (FWD)
13.46
PE (FWD)
26.01
Div Rate (FWD)
$4.40
Yield (FWD)
1.26%
******Short Interest
10.63%
Market Cap
$13.67B
Volume
351,975
Prev. Close
$358.15

Company Profile
Pool Corporation logo
Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling. It also provides pool equipment and components for new pool construction and the remodeling of existing pools; irrigation and related products, such as irrigation system components, and professional lawn care equipment and supplies; commercial products, including heaters, safety equipment, commercial decking equipment, and commercial pumps and filters. In addition, the company offers fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; and other pool construction and recreational products comprising discretionary recreational and related outdoor living products, such as grills and components for outdoor kitchens. It serves swimming pool remodelers and builders; specialty retailers that sell swimming pool supplies; swimming pool repair and service businesses; irrigation construction and landscape maintenance contractors; and commercial pool operators and pool contractors. Pool Corporation was incorporated in 1993 and is headquartered in Covington, Louisiana.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.