West Pharmaceutical Services: Impressive Stock Performance and Positive Indicators
Strong Stock Performance: West Pharmaceutical has demonstrably outperformed the S&P 500 index with a 60% rally since December 2022
Despite fluctuations in the market, West Pharmaceutical Services continues to showcase its financial viability with a remarkable 60% increase in the...
Interesting stock, Armonic trend, the stock is in obviously bear Market, and it seems will continue in this way. The earnings were below the expectation. The price is continuing its downtrend and the price is using the moving average of the 50 periods as resistance that push down the price. Let's in the coming weeks if the trend will reach the area of attention...
The PEAD projected a Bullish outlook for $WST after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 83.33%.
The PEAD projected a Bullish outlook for $WST after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
Still building the right side of its base. Aggressive entry would be above Thursday's high. Otherwise, give it more time.
The advance before this base building phase was impressive. Something to carry forward. I doubt this is done going up.
A breakdown of the resistance level may lead to an increase to the 370 area. It is too late to buy with the 370 target. It is possible that there will be a pullback downward, which will allow buying at the best price.
The PEAD projected a bullish outlook for $WST after a positive over reaction following its earnings release placing the stock in Drift B
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Earnings out of the way and possibly ready to break higher. Setup could also be viewed as a cup and "high" handle. Either way, worth watching.
West Pharmaceutical Svcs (WST)- DEVELOPS COMPONENTS AND SYSTEMS FOR INJECTABLE DRUG DELIVERY AND PACKAGING FOR HEALTHCARE/CONSUMER PRODUCTS.
What I like:
StochRSI is crossing on daily and moving upward on 2hr
Good, increasing volume on prior wave up
Good block of volume on pullback candles. Expected to help to prevent Stop from being hit
What I don't like:
not a real deep pullback
has already seen a good run up, may be early entry
R: $100
#: 26 shares
E: $300.45
S: $296.54
T: 308.27
Possible H&S (shown in red) combined with Upward Channel Shown in Orange. This is countertrend as market is expected to hold sideways to upward movement until December 17th.
However Watch for a Break below 263.83., Stop 277.13, Target 237.57.
WST tried to break into new highs, but held back by the volatility of the day. If this holds the 21d EMA, then could be a good aggressive entry point. Keep a stop loss of 9.38% based on the 10d ATR (x2.7) and a position size of R10.67.
Stop Loss: 9.38% (259.67)
Position Size: R10.67
