NYSE:ESAB has been around for many years although it only went public on the NYSE as a Swedish-American company in 2022. ESAB Corporation is focusing on sustainability and connected fabrication technology, which is an area headed for more growth. The stock is 90% held by institutions. ALL of the giant Buy-Side and ETF developers are near the top of the...
Notes: * Moving up on the right side of its IPO base * Good earnings * Breaking out of an ascending triangle with higher than average volume * Has a 50 day UD ratio of 2.26 and a 15 day UD ratio of 5.27; indicating that there's been a ton more buying short term * Has a solid relative strength in the sector and against the SP500 * Showing an early entry relative...
Recent IPO. "ESAB Corporation Completes Separation From Enovis and Launches as an Independent, Publicly Traded Company" Breakout from a cheat area an IPO Base with VCP characteristics. AVG: 50.59 Stop 48.50 Risk: 4.13% Position Size: 8K Overall Exposure: 16.80% Still very conservative, summing pilot positions one day at a time while trying to create cushion.