Archrock provides natural gas equipment, service and maintenance. This is an area of the market I mentioned seeing a lot of strength in over the last few weeks (see Market Leaders are Failing post), and AROC is one of the top performers.
The stock came out of a textbook consolidation base last month before climbing 25% in just two weeks.
After this parabolic...
Completing a zigzag here with Wave C nearly confirmed. I love zigzags, they make predicting endpoints so much easier in so many way. With the recent drop on the SPX, it is not surprising that we are generally bearish (or shortish) on many of our positions. Archrock is another one heading down the pipe, so let it fall.
We are not in the business of getting every...
