* Great earnings
* Very strong up trend
* High 3-month relative strength of 2.55 in the Industrial sector
* Pays out dividends
* Has been in a tight range of ~3.94% for the past 5 to 6 weeks
* Held up incredibly well during this time of market uncertainty
Trade Idea:
* There are a few plays you can do here since the 4% stop is quite a distance away:
1) Enter now if you can stomach a little volatility
2) You can look for a buying opportunity once it has broken and closed above $166.23
3) You can wait for a discounted entry near the $164.22 area
4) You can wait for a bounce from the $161.24 area.
Any thing below $161.24 would negate this idea.
* Very strong up trend
* High 3-month relative strength of 2.55 in the Industrial sector
* Pays out dividends
* Has been in a tight range of ~3.94% for the past 5 to 6 weeks
* Held up incredibly well during this time of market uncertainty
Trade Idea:
* There are a few plays you can do here since the 4% stop is quite a distance away:
1) Enter now if you can stomach a little volatility
2) You can look for a buying opportunity once it has broken and closed above $166.23
3) You can wait for a discounted entry near the $164.22 area
4) You can wait for a bounce from the $161.24 area.
Any thing below $161.24 would negate this idea.