I like the reversal pattern of Modine. Excellent revenue and trending higher hugging closely to the 8EMA HIgh Lo lines. It broke out of resistence $96.17 the cup pattern and has yet to form a handle so it is a cup without handle pattern! LOL
Price reached the upper limit of the multi-months parallel channel.
Stock is overbought on pretty much all high time frames.
Modine Manufacturing has strong fundamentals and has been performing very well and beating expectations in the previous earnings, which is great but expectations are very high for the next earnings report on Jan 30.
Stock price went up too...
Modine Manufacturing Company provides engineered heat transfer systems and components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments.
It is a mid cap company with 2.1 bn $ market cap
The price of the stock is $40.7
52 week ranges from 15$....
Entry: with price above 49.60
Volume: with volume greater than 849.33k
Target: 53.30 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 49.61, 48.38 gets you 3/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly...
MOD showing a bullish flag on the Weekly chart.
Not confirmed as of today
Pros:
1- PPS above 50MA and 200MA
2- RS above 0 and climbing
3- R/R ratio above 5 by a light margin
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in blue
8- Post formed with volume
9- Descending volume during Flag forming
10-...
Modine Manufacturing Company" has broken above a previous resistance area with a strong price gain supported by greater than normal volume . Be careful as it could pull back. Perhaps look for a buy price if it reaches 28$ to confirm direction"
1% maximum size of your portofolio
Market structure: Uptrend, Price respecting 50MA, 5 consecutive positive earning.
Trend continuation candlestick pattern: Price have just break and close above resistance at 17.60.
Will enter on the next day open
Stop loss: 1 ATR below recent swing low at 14.70
Take profit: will trail accordingly
Disclaimer: Below simple trading idea is just for sharing,...
$MOD remains resilient within a bullish technical structure that was highlighted earlier this month, averting a potential correction that was experienced by the smaller-cap companies this morning. $MOD closed the earlier session at $14.28, an intraday gain of +2.29%.
First sign of bullish trend resumption for $MOD was signaled with a Bullish Reversal Hammer...
$MOD broke out of its 3 weeks consolidated range, trading beyond its $13 major resistance level with a pre-market open runaway gap pattern. It closed this morning at $13.47, representing a intraday gain of +6.40%, a similar breakout was also witnessed in $AMBA that was alerted yesterday.
$MOD first sign of bullish trend resumption was signaled with a Bullish...
Hello !
Key points :
Accumulation zone
Halfway retracement
Volume uptrend > volume downtrend
Currently, I feel like there's an accumulation going on. In fact, we have some clues that buyers were strong :
1) we see several spikes in volume
2) the bodies of the candlesticks grew wider the more the trend advanced
As you can see, we've had a little...
MOD: Modine Manufacturing Company
2020-04-27 07:00:00
Modine Announces Launch Of Authorized Contractor Program To Build And Support Long-Term Customer Relationships
Modine is almost a buy a never go long without confirmation and although there are multiple indicators positioning for an upward move this does till have potential to fall to the 9's. i will do 2 things from here, wait until earnings and until there is a breakout of the wedge.
MOD is printing a bullish full-body candle over candle price bar on above average volume with my momentum/trending oscillators confirming the price move. I am adding to my long position on Monday using a limit order (GTC-BUY-LMT) @ 22.35. I will have two trailing stops (GTC-SELL-STP) @ 21.55 and 21.20 to protect my initial invested capital in case the stock does...
