zacrews

Strong buy on Thermon THR - Texas Power and Energy Plant Heating

NYSE:THR   Thermon Group Holdings, Inc.
Have been watching closely since the recent break. All time frames are converging in an intermediate and long term up-trend. Ready for a daily middle BB bounce.

Texas is introducing a bill to require that all power producers and natural gas pipelines implement weatherization on their facilities. Thermon is based in the state capitol of Austin and stands to gain a windfall from state government grants.

I have long dated long calls in this security. Target Price: $27
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.