This is just my opinion based of my observation of this stock over the last few months.
I believe if the value hits 76 it will likely go to 80 soon and come back down.
Let me know your opinion!
I am still very optimistic about this stock, I believe the value is still very underpriced.
carbon fiber has many applications for the future and the market size is expected to double by 2027.
let me know what you think.
There's plenty of opportunity in the stock market today with lot's of good stocks being beat down to dramatically oversold areas, one of these is $HXL a carbon fiber maker for defense programs and a stock which has beat on 4 of it's last earnings releases. Technically speaking the stock is considerably below it's lower Buy Sell Band and 17.61% below it's 50 day MA...
HXL looks to me like it will finally move above the resistance level established by the last two highs.
Just posting this for fun, I might not be able to trade it since I'm out early next week.
Multiple Timeframe Analysis and Support Turned Resistance are two price action analysis techniques with which all traders should make themselves familiar.
Multiple Timeframe Analysis SIMPLIFIES going through many instruments looking for opportunity. This will make analysis easier on your brain! It can also greatly increase profit rewards with more ambitious...
HEXCEL CORPORATION (HXL) Looks like a GREAT BUY to us.
Carbon fiber, aka graphite fiber, is a strong, stiff, lightweight material that has the potential to replace steel and is popularly used in specialized, high-performance products like aircrafts, racecars and sporting equipment.Carbon fiber is five-times stronger than steel and twice as stiff.
In this chart I have outlined the point in which the 50 SMA is crossing the 200 SMA (to the upside) this usually indicates an uptrend. Using that to my advantage I have also found a gap fill in the chart that could be a short term trade. I would expect some sort of consolidation at around the gap fill area and should it therefore continue past the gap fill the...
$HXL just broke out of a falling wedge on heaver volume. Price is around the breakout area for a potential entry for a swing trade. Stop loss just below the lows gives a trader a good risk to reward ratio. Potential Long?
