Hey guys, MDU RESOURCES GROUP is in a bullish push with panic and low sales volume made. In TIMEFRAME M1 we can see a bullish continuation and go to break a consolidation zone. Strong potential to join the last precedent above to make up for the loss before session and arrival on the resistance of June 2019 (See TIMEFRAME H4). Not enough force to get to half the...
To wrap up the year I'm going to leave you all with one more idea I have my eyes on. In this situation, we're looking at $MDU.
MDU Resources Group is a stock that we have seen consolidate into two different patterns over the course of the last nine years. Both respective patterns have yielded excellent results as both have reached their respective targets. Now...
Alert set for cross above $29.81
Entry level $ 29.91 = Target price $32.37 = Stop loss $29.26
P/E ratio 18.36
Company profile
MDU Resources Group, Inc. engages in the provision of natural resource products and related services to energy and transportation infrastructure. It operates through the following business segments: Electric, Natural Gas Distribution,...
Break a support level accompanied with bad news like this:
U.S. stocks plunged the most in 6 1/2 years, with the Dow-Jones-Industrial-Average sinking more than 1,100 points, as the equity selloff reached a fever pitch amid rising concern that inflation will force interest rates higher. Treasuries rallied and gold-rose on haven demand.
The key for short selling stocks
MDU formed nice momentum Long setup. It has strong upward momentum & moneyflow also crossed above Zero recently. We think it has good upside potential.
* Trade Criteria *
Date First Found- May 30, 2017
Pattern/Why- Upward momentum Long.
Entry Target Criteria- Break of $27.53
Exit Target Criteria- $31.47
Stop Loss Criteria- $26.87
Please check back for...
